Adjusted EBITDA fell 29% to 1.04 billion euros, while Q2 revenue rose 8% to 11.1 billion euros, yet margins slipped to 3.4%, missing the mid-term 8–10% target.

Premium and Asia demand remained resilient, with higher yields helping offset some cost pressures, though capacity and network changes constrained growth.

Seat capacity was kept flat as CityLine’s shutdown shortened network offerings, avoiding a planned 2% rise.

Lufthansa reaffirmed a broader turnaround plan targeting at least €1.5 billion in cumulative gross EBIT effects by end-2026, supported by productivity initiatives and fleet/product renewals.

An early-year Israel–Iran conflict pushed fuel costs higher, but Lufthansa remains optimistic about the second half of the year despite headwinds.

Lufthansa posted a net profit of 123 million euros, an 88% drop from a year earlier, as fuel costs rose and six days of strikes weighed on the results.

CEO comments indicate travel demand is less price-sensitive than the wider industry, with customers willing to fly even at higher prices.

Lufthansa reiterated that demand for flying remains robust and customers are willing to pay higher fares.

The group maintains its full-year capacity guidance, projecting capacity in line with the prior year.

Cargo and maintenance segments showed improved EBIT thanks to higher freight rates and added capacity from ITA Airways integration, contributing resilience amid weaker other areas.

The carrier is focusing growth on long-haul routes with a potential 1% reduction in Europe capacity, keeping total capacity roughly flat for the year.

Industry executives and regulators are watching takeovers closely, with Commerzbank signaling constructive dialogue as Unicredit contemplates a potential control stake and ECB clearance anticipated in the fourth quarter.