Lufthansa Revenue Reaches All-Time High

Coinciding with Lufthansa Group's centennial anniversary, the group reported record revenue of €39.6 billion in 2025, up 5% from €37.6 billion in 2024. This record performance was driven by sustained market demand, improved operational efficiency, and strategic focus across its airlines and subsidiaries.

Adjusted EBIT increased significantly from 16 billion euros last year to 20 billion euros, and the operating profit margin rose from 4.4% in 2024 to 4.9%. Although the group's consolidated net profit remained stable at around 1.3 billion euros (a slight decrease from 1.4 billion euros in 2024), this was mainly due to a one-time valuation of losses carried forward. Excluding these adjustments, net profit should have increased in line with the improved operating performance.

Multiple factors contributed to the performance growth: passenger capacity increased by 4%, and load factor remained stable; flight operation stability improved, with non-scheduled operation-related costs decreasing by 362 million euros compared to 2024; demand for premium products and ancillary services was strong, particularly for Lufthansa's new Allegris cabin product, which made a significant contribution to revenue. Lower jet fuel prices and favorable euro-to-dollar exchange rates saved the group approximately 500 million euros in costs.

CEO of Lufthansa AG, Carsten Spohr, highly praised this achievement: "A century ago, the first Lufthansa airline was founded. The core values at that time - quality, reliability, and connectivity - continue to drive our success today."

“Last year, we significantly increased the Group’s operating profit and achieved record-high revenue—a testament to the Group’s resilience and stability.” Spohr expressed gratitude to loyal customers and dedicated employees, emphasizing that Lufthansa’s ongoing transformation program remains a top priority, with the aim of translating operational achievements into stronger financial performance by 2026.

He also pointed out that geopolitical risks remain a cause for concern. The Middle East conflict highlights the aviation industry’s vulnerability to external disruptions, particularly its heavy reliance on aviation hubs in the Gulf region. Spohr emphasized that Europe must avoid placing its domestic airlines and hubs at a disadvantage to safeguard its sovereignty over global air connectivity.

Looking to the future, the group plans to advance its strategic layout through deepening internationalization, renewing the fleet, and improving efficiency. On the occasion of its centennial, the Lufthansa Group remains committed to consolidating its position as the leading non-US airline group.

In 2025, Lufthansa's passenger aviation sector welcomed 135 million passengers, a 3% increase year-on-year; the load factor reached 83.2%, setting a new record (a slight increase from 83.1% in 2024). Passenger revenue grew by 3% year-on-year to 30.1 billion euros, with the adjusted EBIT for this segment reaching 1.1 billion euros, a 4% increase year-on-year.

Despite challenges such as geopolitical tensions, temporary weakness in demand during the third quarter—particularly on transatlantic and European routes—and delays in aircraft deliveries, the passenger business still achieved growth. Passenger revenue per available seat kilometer, adjusted for currency, declined by 1.3%, but the group's operational flexibility and cost control measures effectively offset the pressure. ITA Airways contributed 90 million euros to the group's profits, showing outstanding performance.

Lufthansa Cargo continues its growth momentum in 2024, benefiting from stable market demand and a strong Asian business, with operating profit surging nearly 30% from 251 million euros to 324 million euros. Lufthansa Technik, despite facing challenges from currency fluctuations and U.S. tariffs, still achieved an operating profit of 603 million euros (a slight decrease from 607 million euros in 2024). The division signed new aircraft maintenance, repair, and overhaul contracts worth 8.8 billion euros, laying the foundation for future growth; by taking forward-looking measures such as adjusting logistics, it effectively mitigated the impact of adverse factors.

After the transition period in 2025, the group expects revenue to continue growing in 2026, with a significant improvement in profit levels and further improvement in operating profit margin. Passenger capacity is planned to increase by about 4%, focusing on long-haul routes, supplemented by upgraded selected cabin products. The period from 2026 to 2027 will see a peak in fleet renewal, with nearly one new aircraft delivered per week. By the end of 2026, the proportion of new-generation aircraft in the fleet is expected to reach about 30%. Leveraging the optimized hub layouts in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome, short-haul capacity will remain stable.

Geopolitical uncertainties are expected to persist, particularly the impact of the Middle East situation on the oil market and supply chains. However, demand for long-haul routes in Asia and Africa has recently surged, and the group has planned to increase flight frequencies to destinations such as Singapore, India, China, and South Africa. On the other hand, the Middle East conflict also brings potential operational pressures to this European airline group. CFO Till Streichert stated, "Rising fuel prices, as well as route changes to avoid restricted airspace, naturally bring operational burdens." However, Lufthansa can cope with these impacts through current restructuring measures, while crises also bring new opportunities.

Overall, Lufthansa's 2025 performance highlights its efficient cost management, strong customer loyalty, and effective execution of strategic initiatives. Amid ongoing industry challenges, the Group's focus on efficiency, modernization, and global connectivity has laid a solid foundation for its sustainable success.