DAVY VIEW

Lufthansa has announced new medium-term financial targets for 2028-2030 at its Capital Markets Day in Munich. The targets include 8-10% adjusted EBIT margin, adjusted return on capital employed (ROCE) of 15-20% and adjusted free cash flow (FCF) of over €2.5bn per year. The group also reaffirmed its goal of integrated cooperation within the Lufthansa Group airlines as well as ‘Ambition 2030’, its Lufthansa Technik strategy. In the short term, 2025 and the coming years will be a time of investment and fleet renewal, with the previously announced ‘Turnaround’ programme already in place to drive productivity, efficiency and profitability to arrive at the group’s 2028-2030 targets.