Deutsche Lufthansa AG Lowers 2026 Profit Guidance After Q2 Slump

The German airline group Deutsche Lufthansa AG reduced its 2026 profit guidance after reporting a second-quarter adjusted operating profit of €383 million. This figure represents a significant decline from the €870 million recorded during the same period the previous year and missed analyst forecasts.

The profit dip was driven by €0.7 billion in increased fuel costs and €0.2 billion in losses resulting from strikes. These headwinds offset strong demand and record cargo yields, which saw a 27% increase, particularly in Asia and the Middle East. Despite the operating profit decline, the company saw revenue rise 7.9% to €11.14 billion.

For the full year 2026, the company narrowed its adjusted EBIT guidance to a range between €1.7 billion and €2.2 billion. This update replaces a previous expectation that profits would be "significantly above" 2025 levels. Additionally, Deutsche Lufthansa AG lowered its net capital expenditure guidance to approximately €2.5 billion.