๐ ๐๐ซ๐ ๐๐๐ง๐ข๐ฌ๐ฌ๐
โข Q3 revenue: โฌ12.2 billion (+9%), a new record
โข Adjusted EBIT: โฌ1.4 billion (+6%)
โข Adjusted EBIT margin: 11.5% (previous year: 11.9%)
โข Net income: โฌ1.3 billion (previous year: โฌ966 million)
โข Adjusted free cash flow: โฌ793 million
โข Lufthansa Cargo EBIT: โฌ162 million (previous year: โฌ49 million)
โข Lufthansa Technik EBIT: โฌ200 million (+54%)
โ
๐ฏ ๐๐ฎ๐ฌ๐๐ฅ๐ข๐๐ค
โข Adjusted EBIT for 2026 specified at โฌ1.7 to โฌ2.0 billion
โข Fuel costs in 2026: โฌ9.3 billion
โข Continued healthy demand expected in Q4
โข Fuel hedging: approximately 86% for 2026 and over 60% for 2027 for passenger airlines
โ
๐ Key Points
โข Additional fuel costs of โฌ543 million are more than offset by higher revenues and strict cost discipline
โข Network airlines increase average revenue by 6.8%, driven by premium tickets and strong demand on routes to Asia and North America
โข Lufthansa Cargo triples operating profit thanks to strong cargo demand and a 22% increase in average revenue
โข Lufthansa Technik increases revenue by 20% to โฌ2.3 billion and improves its operating margin to 8.6%
โข Unit costs for the network airlines, excluding fuel and emissions, rose by only 0.5%
โข Net debt, including pension obligations, fell to โฌ7.3 billion; liquidity reached โฌ11.8 billion
โ
๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ-๐๐ฎ๐ฌ๐ฌ๐๐ ๐
โWith rising revenues amid consistently high demand and strict cost discipline, we were able to more than offset the increase in fuel costs of around half a billion euros.โ (CEO Carsten Spohr)