Q4 2025 Deutsche Lufthansa AG Earnings Call Transcript
Key Points
- Deutsche Lufthansa AG (DLAKF) reported a revenue increase of 5.4% to EUR39.6 billion in 2025, driven by disciplined capacity growth and strong demand for air cargo.
- The company achieved a significant reduction in flight irregularity costs by 43%, equivalent to EUR362 million, contributing to improved financial performance.
- Lufthansa Airlines saw an adjusted EBIT improvement of around EUR250 million, reflecting the positive impact of its turnaround program.
- The introduction of the Allegris product line has resulted in a 12% higher yield compared to the former business class, boosting ancillary revenues by 15%.
- Lufthansa Cargo delivered a strong performance with a 29% improvement in adjusted EBIT, driven by higher volumes and improved load factors.
- The Gulf crisis has led to flight cancellations and an estimated EUR5 million earnings impact per week due to lost business and cost of care.
- Fuel price volatility poses a challenge, with recent increases potentially impacting costs significantly if sustained.
- The company faces ongoing cost inflation, including a 10% increase in fees and charges and a 40% increase in emission certificate costs.
- Lufthansa Technik experienced margin compression due to foreign exchange developments and US tariffs on aluminum and steel.
- The company's hedging strategy does not fully cover the jet crack spread, leaving it exposed to fluctuations in refining costs.
Ladies and gentlemen, welcome to the Lufthansa Group Q4 2025 results conference call and live webcast. I'm Moritz, the Chorus Call operator. I would like to remind you that all participants will be in a listen-only mode, and the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Marc-Dominic Nettesheim, Head of Investor Relations. Please go ahead, sir.
Yeah. Thank you very much. And also from my end, a very warm welcome, ladies and gentlemen, to the presentation of our full-year results 2025. With me on the call today are our CEO, Carsten Spohr; and our CFO, Till Streichert. Both of them will present the results for the past year and discuss our commercial outlook for 2026, and afterwards, as always, you will have the opportunity to ask questions.
And I want to remind you, please limit your questions to two so that everybody has a chance
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