Lufthansa Q2 core profit drops nearly 56% to 383 million euros as jet fuel costs rise
Lufthansa's Q2 core profit fell 56% as jet fuel costs rose about €750m, and the company lowered its 2026 core profit outlook. The report reinforces how elevated energy inputs and Middle East supply risks are compressing airline margins across the sector. While the equity impact is airline-specific, the underlying driver is fuel pricing, keeping market focus on crude and refined-product cost pass-through in the near term.
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Lufthansa reported a sharp decline in second-quarter earnings, with core profit falling nearly 56% year on year to 383 million euros as jet fuel costs climbed. Revenue rose 10% to 11.1 billion euros for the three months to the end of June, while higher fuel prices lifted costs by about 750 million euros. The group also revised its 2026 core profit outlook to 1.7–2.2 billion euros, after previously saying it would be “significantly” above 2023’s 1.96 billion euros.