Lufthansa reported a significant drop in second-quarter profits, with net income at 123 million euros versus 1.01 billion euros in the same period of the previous year. The decline was largely driven by rising fuel costs and the financial impact of strikes, according to reports.
The firm’s EBIT plunged 60% to 346 million euros compared to the previous year. Adjusted EBIT also fell, coming in at 383 million euros, a 56% decrease. Adjusted EBIT margin narrowed to 3.4%, down from 8.4% in the prior year. Fuel expenses were 750 million euros higher than a year ago, and strike-related costs added at least 150 million euros.
Despite the earnings decline, Lufthansa maintained its 2026 full-year adjusted EBIT forecast, predicting a range of 1.7 billion euros to 2.2 billion euros. The company noted that the top end of the forecast would still exceed the prior year’s result of 1.96 billion euros.
The airline also expects its full-year passenger capacity to remain comparable to the previous year. Lufthansa continues to manage ongoing challenges from volatile kerosene prices as it plans for the remainder of 2026.