Le Lufthansa Group recorded its best ever performance in terms of revenues in 2025, while continuing its strategic transformation. The German airline group saw its revenues rise by 5 1TP3Q to 39.6 billion euros, compared with 37.6 billion in 2024.
Carsten Spohr, Chairman of the Lufthansa Board of Management, was delighted with this result: " Exactly 100 years ago, the first Lufthansa was founded. The values of quality, reliability and connectivity continue to drive our success today.he said before announcing the results.
Adjusted operating profit (EBIT) rose sharply to €2 billion, compared with €1.6 billion a year earlier, enabling the operating margin to increase to 4.9 1Q3. Net profit remained stable at €1.3 billion, penalised by exceptional tax effects.
Everything seems to have smiled on the German airline last year. The Group's passenger airlines carried 135 million passengers in 2025. This represents an increase of 3 % over one year. The load factor reached a record level of 83.2 %.
Passenger segment sales rose by 3 % to 30.1 billion euros, while the airlines' combined operating profit was 1.1 billion euros, up 4 %. ITA Airwaysrecently integrated into the Group, contributed 90 million euros to the result.
Unit revenues down
Lufthansa also stressed that this performance had been achieved in a complex environment, marked by geopolitical tensions in the Middle East, temporarily weaker demand in the third quarter - particularly from and to the North Atlantic, and persistent delays in the delivery of new aircraft.
These factors weighed on average unit revenues. They fell by 1.3 % at constant exchange rates. However, growth in ancillary revenues (additional services) partly offset this fall. These revenues rose by 15 %, thanks in particular to the premium offer Lufthansa Allegris.
In addition, the fall in the price of paraffin and the weakness of the dollar have reduced costs by around 500 million euros.
The main Lufthansa Airlines brand also improved its annual result by around 250 million euros, returning to a positive operating margin of 0.9 %. This improvement is due to the continuation of its Turnaround transformation programme.
This programme has resulted in the continued modernisation of the fleet with more fuel-efficient aircraft and the development of subsidiaries. Lufthansa City Airlines and Discover Airlines.
Turnaround is set to gain momentum in 2026, with an expected positive impact of around €1.5 billion and a forecast of €2.5 billion by 2028.
Positive outlook despite geopolitical uncertainties
For 2026, despite a tense environment, Lufthansa is forecasting further growth in sales and earnings, underpinned by an increase of around 4 % in passenger capacity, the continued renewal of the fleet and the expansion of its premium offers.
The tensions in the Middle East and their global economic consequences, however, increase uncertainty in the medium and long term. The disruptions in the Strait of Hormuz are causing considerable volatility in the oil markets. The company notes, moreover, that since the start of the conflict with Iran, the demand for direct long-haul flights is up sharplyparticularly to and from Asia and Africa. The group is therefore examining the possibility of increasing certain frequencies, for example to SingaporeIndia, China and South Africa.
The modernisation of the fleet will also reach its peak in 2026: a new aircraft will be delivered almost every week that year. By the end of 2026, around 30 %s in the fleet will be equipped with the latest-generation aircraft.
