Lufthansa is set to lose nearly €2 billion in profits due to rising fuel costs
This is according to Bloomberg.
The company expects fuel costs to rise by €1.7 billion.
To mitigate the financial impact, the carrier has already begun optimising its route network, phasing out old aircraft and closing unprofitable regional divisions.
The main factors contributing to the instability are geopolitical conflicts, in particular the tense situation around the Strait of Hormuz, which threatens the logistics of oil products. Mass staff strikes in early 2026 have placed additional pressure on the company.
In response to these challenges, Lufthansa is planning a major restructuring: by 2030, 4,000 administrative posts will be cut, and some flights will be transferred to new subsidiaries with lower operating costs.
Despite the difficulties, the airline group sees opportunities in the growing demand for long-haul travel. Due to the crisis in the Middle East, passengers are increasingly choosing European hubs over airports in the Persian Gulf.
The company’s management hopes to offset the losses through high ticket prices in the premium segment and strong bookings for the summer season, provided further operational disruptions and fuel shortages can be avoided.
As a reminder, it was previously reported that Europe risks losing its chemical industry due to the energy crisis.
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