German aviation group Lufthansa said Tuesday that volatile jet fuel costs thanks to the Mideast war could mean that it makes less this year than last, sending its shares down sharply.
The firm now expects core profit of between 1.7 and 2.2 billion euros for 2026, having previously expected to have "significantly" higher earnings this year compared to the 2025 figure of 1.96 billion euros.
Speaking on an earnings call, Lufthansa finance boss Till Streichert said there was a question mark over how much Lufthansa could pass higher fuel costs onto customers.
"We are of course expecting to continue our strategy in the second half of the year of raising ticket prices to compensate for higher fuel costs," he said.
"Visibility there is somewhat lower than it would otherwise be because we are seeing customers book less in advance," he added.
