Lufthansa Group Posts Record Revenue, Profit Surge

‍COLOGNE — The Lufthansa Group has reported its strongest financial performance in the company’s 100-year history, with full-year 2025 revenue topping €39.6 billion (US$45.9 billion) and operating profit climbing 20 percent year-on-year.

Record performance

The German aviation group posted an adjusted EBIT of €2 billion (US$2.32 billion) for 2025, up from €1.6 billion (US$1.86 billion) the previous year, lifting the operating margin to 4.9 percent. Revenue of €39.6 billion (US$45.9 billion) increased five percent compared with 2024’s €37.6 billion (US$43.6 billion).

The group’s airlines carried 135 million passengers — a three percent increase — with seat load factor reaching a record 83.2 percent. Lower fuel prices, a weaker US dollar, and a €362 million (US$420 million) reduction in flight disruption costs all contributed to the stronger bottom line.

Ancillary revenues grew 15 percent, boosted in part by strong uptake of the premium Lufthansa Allegris cabin product. ITA Airways contributed €90 million (US$104 million) to group earnings.

Progress on the turnaround

Core brand Lufthansa returned to positive operating territory, improving its annual result by around €250 million (US$290 million) and achieving an Adjusted EBIT margin of 0.9 percent. The Turnaround program is expected to deliver a cumulative gross earnings benefit of €1.5 billion (US$1.74 billion) in 2026, rising to €2.5 billion (US$2.9 billion) by 2028.

Lufthansa Cargo also reported a stellar year, with operating profit jumping 30 percent to €324 million (US$376 million) on the back of stable demand and strong Asian business. Lufthansa Technik held steady at €603 million (US$699 million) despite headwinds from dollar weakness and US tariffs.

Looking ahead

CEO Carsten Spohr welcomed the results but flagged growing uncertainty from the Middle East conflict. The crisis has nonetheless prompted a surge in demand for alternative long-haul routings, with Lufthansa eyeing extra frequencies to Singapore, India, China, and South Africa.

Management forecasts a further significant increase in adjusted EBIT in 2026, with passenger capacity set to grow by around 4%, focused almost entirely on long-haul. Fleet modernization will peak this year with roughly one new aircraft delivered per week.

The board will propose a dividend of €0.33 (US$0.38) per share at the May Annual General Meeting, a 10% increase over the prior year.