Germany's Lufthansa Q1 revenue rises 8%, operating loss narrows

Deutsche Lufthansa AG

06/05/2026 06:10

Overview

Germany airline group's Q1 revenue rose 8% yr/yr to 8.7 bln EUR

Operating loss (Adjusted EBIT) narrowed to -612 mln EUR from -722 mln EUR yr/yr

Company cites strong demand and network flexibility, but higher fuel costs remain a challenge

Outlook

Lufthansa maintains guidance for 2026 Adjusted EBIT significantly above prior yr 1.96 bln EUR

Company says increased kerosene prices add 1.7 bln EUR in costs for 2026

Lufthansa expects robust demand and strong travel summer despite increased risks

Result Drivers

SHIFT IN PASSENGER FLOWS - Co said strong demand, particularly in March, was driven by travelers shifting from Gulf region airports to Lufthansa hubs amid the Middle East crisis

HIGHER FUEL COSTS - Co said increased kerosene prices due to the closure of the Strait of Hormuz and Middle East crisis placed a substantial burden on costs, partly offset by hedging

CARGO PERFORMANCE - Lufthansa Cargo expanded capacity and saw improved yields, supporting group earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-EUR 665 mln
Q1 Adjusted Free Cash Flow
EUR 1.40 bln
Q1 Adjusted EBIT
-EUR 612 mln
Q1 Load Factor
81.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy."

Wall Street's median 12-month price target for Deutsche Lufthansa AG is €8.00, about 3.5% above its May 5 closing price of €7.73

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)