Deutsche Lufthansa AG

LHA

Equity

ISIN DE0008232125 / Valor 667979

Xetra (2026-05-29)

EUR 8.58+0.12%

Deutsche Lufthansa AG
UMushroom community rating:

3.89 5 votes No rating yet

NegativeNeutralPositive

About company

Deutsche Lufthansa AG, operating as the Lufthansa Group, is a prominent aviation group with a strong presence in the European market. With nearly 100,000 employees, the company generated significant revenue in the financial year 2023. The Lufthansa Group consists of Passenger Airlines and Aviation Services segments, including Logistics, MRO, and Additional Businesses like Lufthansa Aviation Training and Lufthansa Systems. The company is a key member of the Star Alliance network, offering customers extensive global reach and travel benefits. With a vast network of subsidiaries and equity investments, Lufthansa also engages in strategic joint ventures with leading airlines like United Airlines, Air Canada, All Nippon Airways, and Singapore Airlines. Compliance is a top priority for the company, ensuring adherence to legal and internal regulations for all staff and management.

Summarized from source with an LLMView SourceSector: Consumer Services

Top-line and profitability

Revenue €8,746m (+8% vs Q1 2025); traffic revenue for airlines €6,671m (+5%). Adjusted EBITDA €7m (vs -€121m) and Adjusted EBIT -€612m (improved 15%). Reported EBIT -€485m (improved 35% y/y) and net result attributable to shareholders -€665m (EPS -€0.55 vs -€0.74).

Cash flow & balance sheet

Cash flow from operations €2,083m (+18%); adjusted free cash flow €1,380m (+65%). Total available liquidity €10,279m (including €7,697m balance-sheet liquidity and €2,582m undrawn lines). Net indebtedness €5,340m (down vs €6,407m at 31 Dec 2025); equity €12,398m. Adjusted net debt/Adjusted EBITDA (12 months) 1.6x.

Passenger and capacity trends

Group ASKs +1% y/y, RPKs +5% y/y; passengers 25,105k (+3%); passenger load factor 82.2% (+3.6 percentage points). Strong demand to holiday and Asian/African routes offset temporary route cancellations and strike impacts.

Costs, fuel and margins

Operating expenses €9,948m (+5%) driven by higher staff costs, FX losses and external MRO; fuel expenses down overall to €1,570m (-6%) (price increases offset by FX); Adjusted EBIT margin improved to -7.0% (from -8.9%).

Segment snapshot

Network Airlines: revenue €5,765m, Adjusted EBIT -€605m (improved). Point‑to‑Point: revenue €479m, Adjusted EBIT -€215m. Logistics (Lufthansa Cargo): revenue €876m, Adjusted EBIT €83m (+35%). MRO (Lufthansa Technik): revenue €2,255m, Adjusted EBIT €158m (‑2%).

Operational disruptions & labour

February–March strikes and the Middle East crisis caused cancellations, higher passenger assistance/compensation (assistance €73m; related expenses +47%). Collective agreements: wage settlement with ver.di for >20,000 employees and framework for flight staff; pilots’ and cabin unions continued to call further strikes.

Fleet, capex and liquidity usage

Gross capex €1,100m (+34%), net capex (excl. M&A) €570m (-31%); deliveries included new widebodies and single‑aisles (fleet 736 aircraft). Increased sales of aircraft generated strong investing cash inflows in Q1.

Strategy actions and outlook signals

Group accelerating strategy implementation to curb fuel costs and modernise fleet; CityLine removal from programme (27 aircraft withdrawn) and further capacity adjustments announced. Management highlights continued balance‑sheet strengthening and targeted cost measures to offset rising kerosene prices and industrial-action pressures.

Summarized from source with an LLMView Source

Key figures

22.8%1Y

-9.63%3Y

9.23%5Y

Performance

37.0%1Y

32.6%3Y

36.0%5Y

Volatility