Lufthansa Group reports €1,3 billion Q3 operating profit

Germany

Solid results and improved efficiency

The Lufthansa Group achieved an operating profit (Adjusted EBIT) of €1.3 billion in the third quarter, matching last year’s level, and expects a significant profit increase for the full year 2025. Revenue rose by four percent year-on-year to €11.2 billion, marking the strongest quarter in the Group’s history.

For the first nine months, operating profit reached €1.5 billion, up €300 million on the previous year, supported by disciplined cost management and the Lufthansa Airlines Turnaround Program.

CEO Carsten Spohr noted:

“This was our best summer in a decade, with flight regularity above 99 percent and double-digit gains in punctuality. Passenger satisfaction and employee engagement both reached record highs. The combination of cost discipline, digital innovation, and stable demand gives us confidence in a strong full-year result.”

Passenger airlines and cargo drive performance

The Group’s passenger airlines carried 42 million travellers in the third quarter—three percent more capacity with a slightly higher load factor of 87.5 percent. Segment revenue rose to €8.9 billion, with an operating profit of €1.2 billion, supported by lower fuel costs and stable premium demand.

Lufthansa Cargo continued its positive trend, reporting a €49 million operating profit (up from €38 million). Lufthansa Technik, despite robust demand, saw earnings decline due to tariff and currency effects.

Financial position and outlook

Adjusted free cash flow nearly doubled to €1.8 billion for the first nine months, while net debt fell to €5.1 billion. Liquidity increased to €11.9 billion, providing a solid financial foundation for ongoing fleet renewal and investment.

CFO Till Streichert emphasized:

“Despite a challenging third quarter, we remain on track to exceed last year’s operating result. The fourth quarter looks encouraging, especially for our long-haul and cargo businesses.”

Looking ahead

Advance bookings point to a stable demand environment across all traffic regions. Lufthansa expects Adjusted EBIT for the full year to be significantly above 2024’s €1.6 billion, with free cash flow around last year’s level (€840 million).

With improved operations, robust cost control, and a positive booking outlook, Lufthansa Group continues to strengthen its position as Europe’s leading aviation network while pursuing disciplined, profitable growth into 2026.