Deutsche Lufthansa AG

LHA: XETR (DEU)

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Lufthansa: Fleet Renewal Supports Margin Recovery, but Structural Costs Persist

Loredana Muharremi

Sep 21, 2026

Business Strategy and Outlook

Lufthansa is a diversified aviation group. Its network airlines—Lufthansa German Airlines, SWISS, Austrian Airlines, and Brussels Airlines—operate hubs in Frankfurt, Munich, Zurich, Vienna, and Brussels. The group also owns Eurowings, Lufthansa Cargo, and Lufthansa Technik. It holds 41% of ITA Airways and exercised its option to acquire another 49% for EUR 325 million, with closing expected in the first quarter of 2027 subject to regulatory approval.

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Deutsche Lufthansa AG

Lufthansa: Fleet Renewal Supports Margin Recovery, but Structural Costs Persist

Business Strategy and Outlook

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