Overview
- Lufthansa reported an adjusted operating profit (EBIT) of €383 million for the second quarter, a 56% fall while revenue rose to €11.1 billion.
- The company said higher kerosene prices added about €750 million to costs despite fuel hedges that tried to limit the hit.
- Six strike days by Cockpit union members in April reduced results by roughly €150 million and disrupted operations.
- Lufthansa narrowed its full‑year operating‑profit guidance to a €1.7–2.2 billion range and will keep seat capacity flat after closing regional unit CityLine.
- The shortfall revives political and market sensitivity given the airline’s 2020 state aid package and follows similar profit warnings from other European carriers, with oil volatility and very short‑term bookings posing further downside risk.