Lufthansa Group reported its highest revenue in company history in 2025, reaching €39.6 billion as the airline group continued to recover from industry disruptions and strengthen its global position. Operating profit increased by 20 percent year-on-year to €2 billion, while the operating margin improved to 4.9 percent.
Passenger demand remained strong throughout the year. The Group carried 135 million passengers, a three percent increase compared with the previous year, while the seat load factor reached a record 83.2 percent. Revenue from passenger airlines rose to €30.1 billion, generating a combined operating profit of €1.1 billion. ITA Airways also contributed positively to the Group’s performance with €90 million in earnings.
Operational stability improved significantly during the year, reducing costs associated with flight disruptions and boosting customer satisfaction. Higher demand for premium products and ancillary services also supported revenue growth. At the same time, lower fuel prices and the weaker U.S. dollar helped reduce costs by around €500 million.
Lufthansa Airlines made progress with its transformation program aimed at improving efficiency and profitability. The turnaround initiative contributed to a €250 million improvement in annual results and returned the core brand to a positive operating margin. The program includes fleet modernization, expansion of Lufthansa City Airlines and Discover Airlines, and hundreds of operational efficiency measures.
Other business segments also delivered strong results. Lufthansa Cargo increased its operating profit by nearly 30 percent to €324 million, supported by stable global demand and strong performance in Asia. Lufthansa Technik maintained stable profitability with €603 million in operating profit while securing new contracts worth €8.8 billion, ensuring long-term revenue visibility.
The Group’s financial position remained solid. Operating cash flow reached €4 billion, while adjusted free cash flow rose to €1.2 billion due in part to lower investment spending following aircraft delivery delays.
Reflecting the improved performance, the company plans to increase its dividend to €0.33 per share for the 2025 financial year, subject to shareholder approval at the Annual General Meeting in May 2026.
Looking ahead, Lufthansa expects revenue and earnings to continue growing in 2026 as the Group advances its strategy focused on international expansion, fleet renewal and operational efficiency. However, management warned that geopolitical tensions, particularly in the Middle East, create additional uncertainty for the global aviation industry and could affect energy markets and supply chains. Despite these risks, Lufthansa remains optimistic about further improving its financial performance in the coming year.
Source: www.lufthansagroup.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein