Second-quarter adjusted EBIT fell to 383 million euros, and the German airline now expects 2026 adjusted EBIT of 1.7 billion to 2.2 billion euros as fuel costs and geopolitical strains cloud visibility.
Lufthansa cut its full-year 2026 outlook after a weak second quarter, with adjusted EBIT falling to 383 million euros from 870 million a year earlier and missing the company's 401 million-euro market consensus. The German airline now expects adjusted EBIT of 1.7 billion to 2.2 billion euros, versus an earlier expectation that earnings would significantly exceed last year's 1.96 billion euros. Net profit for the quarter was previously reported at 123 million euros, down from 1.01 billion euros a year earlier and below analysts' 327.6 million-euro estimate. Chief Executive Officer Carsten Spohr cited geopolitical crises, uncertainty and higher fuel costs despite stronger load factors and unit passenger revenue, while Lufthansa kept full-year capacity roughly flat and moved to retire or ground older aircraft as 86% of this year's fuel needs are hedged.