Lufthansa Group cuts full-year guidance as high fuel costs bite

The Lufthansa Group reported increased profits within its maintenance and cargo divisions during the third quarter, achieving a 6% overall profit increase. However, network airline profitability declined significantly due to elevated fuel expenses impacting the group’s adjusted EBIT by 11%. Consequently, the German aviation giant has revised its earnings forecast for the complete fiscal year downwards. The MRO and cargo operations demonstrated strong performance, offsetting some of the pressure from rising operational costs. This adjustment reflects the ongoing challenges presented by volatile global energy markets and their effect on air travel finances.