Lufthansa Group Reports Second Quarter 2026 Net Profit of €123 Million
- Joe Breitfeller
- 16 minutes ago
- 3 min read
Lufthansa Group has reported a second quarter 2026 net profit of €123 million or €0.10 per share on an 8.0 percent year-over-year increase in revenue to €11.1 billion.
On Tuesday (August 4, 2026), Lufthansa Group reported their first quarter and half year financial results for the period ending June 30, 2026. The Group reported a first quarter net profit of €123 million or €0.10 per share, down 88 percent compared to Q2 2025, largely attributable to higher fuel costs of approximately €750 million, on an 8.0 percent year-over-year increase in revenue to €11.1 billion. For the first six months of calendar year 2026, the company reported a net loss of €542 million, compared to a net profit of €127 million during the same period last year. At June 30, 2026, Lufthansa Group had €10.7billion in total available liquidity.
In Tuesday’s announcement, Deutsche Lufthansa AG’s Chairman and CEO, Carsten Spohr, said,
“Today, we reflect on a challenging second quarter that was once again marked by multiple geopolitical crises and uncertainties. Despite our further improvement in load factor and a significant increase in yield, we were unable to fully offset the considerable rise in fuel costs. The continued strong global demand for air travel—primarily in the premium classes—had a particularly positive impact. Our numerous investments in premium products such as Allegris, Swiss Senses, and the FOX service upgrade are beginning to pay off.
“At the core Lufthansa brand, all three elements of the turnaround program are now taking effect: fleet and product renewal is making visible progress, capacity at the highly efficient Discover Airlines and Lufthansa City Airlines is being continuously expanded, and competitiveness is being enhanced through numerous productivity and efficiency measures. At the same time, the positive trend in the cargo business continues. Lufthansa Cargo significantly increased its operating profit, achieving a margin of over 11 percent in the second quarter. Lufthansa Technik also delivered a solid second quarter and increased its revenue by 11 percent. Especially in a volatile environment, it is apparent that our business model is robust, adaptable, and increasingly resilient.”
Also commenting on the company’s second quarter financial results, Deutsche Lufthansa AG’s Chief Financial Officer, Till Streichert, said,
“The second quarter was characterized by exceptionally high fuel costs and heightened geopolitical uncertainty. Nevertheless, thanks to robust demand, rising yields and the strong performance of Lufthansa Cargo, we were able to achieve a positive result. At the same time, our balance sheet remains consistently strong at 10.7 billion euros in liquidity. Even though uncertainties for the second half of the year remain high, we are confident that the consistent execution of our strategy, cost discipline, network optimizations and persistently high demand will offset a significant portion of the cost increases. However, the growing volatility of fuel prices in recent times, as well as the considerably shorter booking cycles in the passenger airline business, are making forecasting increasingly difficult. For this reason, we are now projecting a full-year earnings range of 1.7 to 2.2 billion euros in Adjusted EBIT — the upper end of this range therefore continues to represent a result significantly above the prior year.”
Lufthansa Technik’s revenue rose by 11 percent year-over-year to €2.2 billion (prior year: €2.0 billion), with revenue from external customers even increasing by 23 percent. Operating profit (Adjusted EBIT) of €157 million slightly exceeded the prior-year level (prior year: €149 million). Lufthansa Cargo expanded capacity in the second quarter by two percent compared to the same period last year, primarily attributable to increased cargo space capacities, including the marketing of ITA Airways’ belly-hold capacity. Overall, Lufthansa Cargo generated a markedly improved Adjusted EBIT of €116 million compared to €73 million in Q2 2025.
Individual financial results for select Lufthansa Group Airlines are available here: Austrian Airlines, Brussels Airlines and SWISS.
Source: Deutsche Lufthansa AG