AlphaValue downgrades Lufthansa as Middle East conflict lifts costs

Deutsche Lufthansa AG

09/06/2026 07:43

** AlphaValue cuts German airline Lufthansa LHAG.DE to "sell" from "reduce" on higher costs linked to the war in the Middle East
** The broker says spot fuel prices are unlikely to retreat to pre-conflict levels anytime soon
** "Even following a final agreement, the reopening of the Strait of Hormuz is expected to be delayed, while the subsequent supply-demand imbalance will take months to ease," it adds
** A total of eight strike days in H1 is expected to add around €200 million ($231 million) in costs, it says
** The broker cuts EBIT forecasts by 35% in 2026 and 18% in 2027 compared to its previous update
** Of 23 brokers covering the stock, eight rate it "strong buy" or "buy", 10 "hold" and five "strong sell" or "sell" - LSEG
($1 = 0.8660 euros)

 (Reporting by Emanuele Berro)
 ((emanuele.berro@thomsonreuters.com))