Lufthansa Group has restarted fuel hedging for 2027, lifting coverage for that year to a little above 50% after a pause in activity. The update came during the carrier’s second-quarter results discussion, where chief financial officer Till Streichert outlined a layered monthly hedging approach aimed at reaching about 85% cover roughly six months before departure.
The move comes as higher jet-fuel prices continue to pressure airline margins and weigh on Lufthansa’s profit outlook. The group said it still has strong protection in the nearer term, with about 81% hedged for the full year and 86% for passenger airlines. The 2027 position had been much lower before hedging resumed in the second quarter.
Lufthansa’s latest guidance review reflected the tougher cost backdrop and the effect of fuel volatility on operating results. For a major European network carrier, the renewed hedging programme is a sign of more active risk management as the industry adjusts to a period of elevated fuel prices and uneven demand conditions.