Overview
- On Tuesday, Aug. 4, Lufthansa reported Q2 adjusted EBIT fell to €383 million from €870 million a year earlier and net profit dropped about 88% to €123 million.
- The group said it spent roughly $863 million more on fuel in Q2 than in the prior year and now expects 2026 fuel costs of about €8.66 billion.
- Lufthansa said 86% of its fuel needs for the year are hedged but flagged rising price volatility and shorter booking windows as key risks for the second half.
- To cut exposure the airline will accelerate operational moves including early retirement of fuel‑intensive A340‑600s, temporary grounding of two 747‑400s, and modest capacity trims after April strike disruption.
- Investors sold off the stock, which fell about 10%, and the result follows broader warnings from other European and U.S. carriers that volatile kerosene prices will shape fares, capacity and winter schedules.