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Deutsche Lufthansa AG LHA

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Stock XETR Rating as of
€7.60 +0.01 (0.11%)
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As of Delayed Price Closed

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

Loredana Muharremi

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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Price vs Fair Value

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LHA is trading at a LOCK|pG%x#! premium.
Price
€7.60
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Fleet renewal, productivity improvements, and capacity shifts toward lower-cost airlines support nonfuel CASK control and an adjusted EBIT margin recovery.

Bears

Fuel volatility remains a major earnings risk: in the second quarter of 2026, Lufthansa recovered only around 60% of the EUR 600 million year-on-year increase in fuel costs.

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Trading Information

Previous Close Price
€7.59
Day Range
€7.60–7.72
52-Week Range
€6.72–10.29
Bid/Ask
€0.00 / €0.00
Shares Outstanding
1.20B
Market Cap
€9.14B
Volume/Avg
4M / 4M

Key Statistics

Price/Earnings (Normalized)
16.17
Price/Sales
0.22
Dividend Yield (Trailing)
4.34%
Dividend Yield (Forward)
4.34%
Dividend Payment Schedule
May
Total Yield
4.34%

Company Profile

Deutsche Lufthansa AG is a diversified European aviation group operating through three main segments: passenger airlines, logistics, and maintenance, repair and overhaul. The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, Discover Airlines, Lufthansa City Airlines, and Air Dolomiti, as well as the group’s 50% interest in SunExpress. Lufthansa also holds a 41% stake in ITA Airways and has exercised its option to acquire a further 49% for EUR 325 million, increasing its ownership to 90% upon the transaction’s expected closing in the first quarter of 2027, subject to regulatory approval.
Sector
Industrials
Industry
Airlines
Stock Style Box
Mid Value
Total Number of Employees
103,305
Website
https://www.lufthansagroup.com

Competitors

Valuation

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Metric
LHA
WIZZ
RYA
Price/Earnings (Normalized)
 16.1714.5312.53
Price/Book Value
 0.751.332.52
Price/Sales
 0.220.271.56
Price/Cash Flow
 2.832.077.50
Price/Earnings
LHA
WIZZ
RYA

Financial Strength

Metric
LHA
WIZZ
RYA
Quick Ratio
 0.670.700.37
Current Ratio
 0.860.970.79
Interest Coverage
 3.470.83—
Quick Ratio
LHA
WIZZ
RYA

Profitability

Metric
LHA
WIZZ
RYA
Return on Assets (Normalized)
 1.06%−3.78%10.99%
Return on Equity (Normalized)
 4.53%−59.41%21.75%
Return on Invested Capital (Normalized)
 2.89%−2.65%18.41%
Return on Assets
LHA
WIZZ
RYA

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