Lufthansa expects profit decline due to high kerosene prices
The short version
Lufthansa expects a decline in profit for the year as a whole due to sharply increased kerosene prices. The Group attributes the increase to the Iran war and warns against further ticket price increases.
Lufthansa expects a possible decline in earnings in the full year 2026.2 The Group justifies the expected decline in profit with sharply increased kerosene prices.2,1 Ticket prices could not be increased to the same extent as kerosene prices.2
Lufthansa attributes the increase in kerosene prices to the Iran war.1 The decline in profit particularly affects the second quarter of 2026.1 Customers have to adjust to rising ticket prices.1
Why it matters
Kerosene is the fuel used in aviation and its price depends heavily on global conflicts and crude oil markets.1
The Iran War refers to the military conflict between Iran and a US-led alliance that has been ongoing since 2024, leading to supply bottlenecks and price fluctuations in the energy markets.1
This account was written from the 2 reports listed below, filed by 2 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.
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