Lufthansa Group achieved its highest revenue ever in 2025, reaching €39.6 billion, a 5% increase from €37.6 billion in 2024. Operating profit rose 20% to €2 billion, lifting the adjusted EBIT margin to 4.9% from 4.4%.
Passenger airlines carried 135 million passengers, up 3% year-over-year, with capacity expanding 4% and seat load factor hitting a record 83.2%. Currency-adjusted yields declined 1.3%, offset by 15% growth in ancillary revenues from premium products and services, stabilizing unit revenues. Unit costs increased 1.9% for the year but flattened in Q4.
Lufthansa Airlines, the core brand, improved its annual result by €250 million, achieving a positive adjusted EBIT margin of 0.9% through its Turnaround program. This initiative targets €1.5 billion in cumulative gross earnings effects in 2026, rising to €2.5 billion by 2028, via fleet modernization including Boeing 787s, operational reforms, and cost controls.
Lufthansa Cargo boosted operating profit 30% to €324 million, driven by strong Asian routes. Lufthansa Technik secured €8.8 billion in maintenance contracts. Adjusted free cash flow reached €1.2 billion, supported by €4 billion operating cash flow and delayed aircraft deliveries reducing investments.
Consolidated net income held at €1.3 billion, impacted by valuation effects on loss carry-forwards. The group proposes raising the dividend to €0.33 per share. For 2026, Lufthansa anticipates revenue growth, earnings improvement, and 4% capacity expansion amid Middle East uncertainties affecting fuel prices and traffic.