Ladies and gentlemen, dear shareholders,
The Lufthansa Group can look back on a successful year 2025. We have achieved important turning points in many areas. In implementing our strategy, we are making further progress towards becoming an increasingly networked and integrated airline group with significant synergies and shared processes.
Our flight operations were able to implement numerous operational improvements last year, resulting in significantly higher stability and punctuality figures. In combination with the increased product quality and new service offerings, we were able to provide our 135 million guests on board our aircraft with a noticeably improved travel experience.
In the reporting year, we not only recorded an increase in customer satisfaction, but also improved our key financial figures, increased our share price and at the same time strengthened the satisfaction of our employees.
We achieved these successes in a global environment that was characterized by geopolitical crises on the one hand and macroeconomic uncertainties on the other.
Nevertheless, global air traffic remained stable and continues to be very resilient, even in a volatile environment. In total, almost 5 billion passengers were counted last year, 4% more than in the previous year. As the fourth-largest airline group in the world, the Lufthansa Group was able to benefit from the positive market environment and its successful transformation.
Overall, the Lufthansa Group achieved an Adjusted EBIT of around EUR 2 billion in the financial year 2025, which corresponds to an improvement of 19% compared to the previous year. As in previous years, we will allow our shareholders to participate in the positive result. We will therefore propose the distribution of a dividend of EUR 0.33 per share at the Annual General Meeting. This corresponds to a payout ratio of 30% and represents an increase of 10% per share compared to the previous year.
Looking ahead, we expect capacity and sales to grow again in the 2026 financial year and Adjusted EBIT to be significantly higher than in the 2025 financial year.
The largest fleet modernization in our history is crucial to our positive development. It goes hand in hand with a further improvement and enhancement of our products and services for our passengers.
At our Capital Markets Day in September 2025, we explained our strategic direction to our investors, shareholders and analysts and published new medium-term financial targets. Our transformation programs pave the way for higher profitability, which is essential for the planned fleet investments. Among other things, we are aiming to achieve an Adjusted EBIT margin of 8% to 10% in the period from 2028 to 2030.
2026 is a very special year for us, as we are celebrating the 100th anniversary of our founding. Aviation has been a growth industry for one hundred years - and will remain so in the future. Our mission remains unchanged: to connect people, cultures and economies across continents and borders - in a sustainable way and with responsibility for future generations.
This is also expressed by the Lufthansa Group's new brand identity with the leitmotif "Trust at every altitude".
Trust is the basis for everything we do. We want to lead your Lufthansa Group, dear shareholders, successfully and sustainably into the next 100 years. For you, for our guests and for our more than 100,000 employees.
We are delighted that you are with us on this journey.
Further information on the development of the Lufthansa Group in the 2025 financial year and the outlook for the 2026 financial year can be found in our online Annual Report 2025, which also contains video statements by the Executive Board and many more
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