Lufthansa

Billions in jet fuel costs are weighing heavily on the industry and particularly threatening low-cost carriers. At the same time, Lufthansa is reporting a surprisingly strong record quarter that has astonished CEO Carsten Spohr. The company says it is facing more of a "luxury problem" because of the market situation, while other airlines are fighting for survival. » More on welt.de

Lufthansa and the Portuguese government have signed the agreement for a stake in the state airline Tap. Lufthansa initially buys 44.9 percent for €1.025 billion; up to 5 percent is reserved for employees and could raise the price to €1.2 billion. The Portuguese state retains around 50 percent, and the deal is still subject to antitrust approval. Lufthansa highlights network synergies and new growth prospects, particularly in Latin America and Brazil. » More on wiwo.de

Lufthansa achieved record revenue over the summer despite two percent fewer passengers, but could only partially offset higher jet fuel costs. The fuel bill for 2026 rises to around €9.3 billion, prompting a lowering of the top end of the annual forecast for adjusted operating profit from €2.2 billion to €2.0 billion. For 2027 the group expects even higher fuel costs and is announcing double-digit ticket price increases, without expecting a sharp drop in demand. At the same time Lufthansa is pushing ahead with a turnaround program; the core brand showed an adjusted operating loss of €180 million in the first nine months, while the cargo division remained unusually profitable. » More on faz.net

Lufthansa reported record revenue and an increase in profit for the third quarter, despite additional jet fuel costs of more than half a billion euros compared with the previous year. Extra fuel costs for this year total around two billion euros; the total fuel bill for 2026 is estimated at about €9.3 billion. CEO Carsten Spohr said ticket prices are likely to rise by double-digit percentages in 2027, as fuel costs are expected to be even higher. The full-year profit forecast was slightly reduced from €1.7–2.2 billion to €1.7–2.0 billion, while travel demand remains strong. » More on n-tv.de

Lufthansa posted a third-quarter net profit of nearly €1.3 billion, 30 percent higher than a year earlier. Adjusted operating result (EBIT) rose 6 percent to about €1.4 billion, beating analysts' expectations. Higher ticket prices and stronger maintenance and cargo businesses more than offset an increase in fuel costs of over €500 million. For the full year the group expects fuel costs of roughly €9.3 billion, €600 million more than previously forecast. » More on manager-magazin.de