22:38 - 4.08.2026

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August 4, Fineko/abc.az. German airline group Lufthansa reported a 56% year-on-year drop in Q2 adjusted EBIT to €383 million, missing analyst estimates of €477 million. The sharp decline was triggered by surging jet fuel costs driven by Middle East tensions and the impact of an April pilots' strike.

Following the announcement, Lufthansa shares tumbled by as much as 9.4%, recording their sharpest fall since March. Citing fuel price volatility and shorter booking cycles, the carrier lowered its full-year earnings forecast to between €1.7 billion and €2.2 billion, warning of rising operational headwinds. The fuel cost surge alone is expected to add €1.5 billion in extra expenses this year.

To mitigate rising costs, Lufthansa is accelerating the shutdown of its regional subsidiary CityLine, canceling nearly 20,000 unprofitable short-haul flights, and planning to cut 4,000 administrative jobs by 2030.