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May 6 2026, 07:03 IST/BST
Lufthansa
Adjusted EBIT for full year 2026 still expected to be significantly above prior year
DAVY VIEW
Lufthansa has maintained its outlook statement. The increased kerosene prices currently lead to additional costs of €1.7bn in 2026. Due to these uncertainty factors, the risk-opportunity profile has shifted toward risks. Nevertheless, Lufthansa Group maintains its guidance for the full year to achieve an operating result (adjusted EBIT) significantly above the prior year (€1,960m), Davy: €2,162m (consensus: €1,878m). In our view, delivery of this in 2026, with the resultant risks, would lead to a re-rating.
