The Lufthansa Group has shared its financial and operational results for the second quarter of 2025, showcasing resilience and growth despite a complex global environment.
The company achieved notable improvements in revenue, operating profit, and passenger numbers, while advancing its strategic initiatives, including the integration of ITA Airways.
Lufthansa Group Q2 2025 Performance
Financial Highlights
In Q2 2025, the Lufthansa Group recorded a 3% year-on-year revenue increase, reaching €10.3 billion, up from €10.0 billion in 2024.
The group’s operating profit, measured as Adjusted EBIT, surged to €871 million, a significant improvement from €686 million the previous year.
This boost in earnings stemmed from several factors:
- A 4% expansion in the passenger flight program,
- A €91 million positive contribution from the group’s investment in ITA Airways, and
- A doubling of the logistics business segment’s operating result compared to 2024.
The operating margin also improved, rising by 1.5 percentage points year-on-year. The group’s net result more than doubled to €1.01 billion, compared to €469 million in Q2 2024. This was driven by extraordinary tax effects and favourable currency movements.
Passenger Growth and Traffic Trends
The Lufthansa Group welcomed over 61 million passengers across its airlines in the first half of 2025, a 2% increase compared to 2024. In Q2 alone, approximately 37 million travellers flew with the group’s airlines, up from 35.9 million the previous year.
Despite a 4% increase in seat capacity, the load factor remained steady at 82%, matching 2024 levels.
Revenue per available seat kilometer (RASK) for passenger airlines dipped slightly by 0.9% in Q2 2025 after currency adjustments, primarily due to lower average prices in the European market amid heightened competition.
However, intercontinental traffic revenues held steady despite industry-wide capacity growth. Overall, passenger airline revenue rose 3% to €8.2 billion in Q2, compared to €8.0 billion in 2024.
All Lufthansa Group airlines posted positive results for the quarter.
For the first half of 2025, passenger airline revenue grew by 4% to €14.1 billion. Key drivers included lower fuel costs, higher investment income, and the absence of strike-related financial losses from the prior year.
Improved network stability also reduced financial expenses from flight irregularities by €106 million.
Progress in ITA Airways Integration
The Lufthansa Group’s 41% stake in ITA Airways is yielding tangible benefits for customers. Since July 2025, status customers of Lufthansa Group airlines (Lufthansa, SWISS, Austrian Airlines, and Brussels Airlines) and ITA Airways have enjoyed harmonized perks.
These include mutual lounge access, priority boarding, and additional baggage allowances. Additionally, passengers can now book combined itineraries, pairing Lufthansa Group flights with ITA Airways’ long-haul routes in a single reservation. This follows the earlier introduction of short- and medium-haul combinations in March.
Starting in September 2025, ITA Airways passengers will be able to store their travel profiles digitally via the Lufthansa Group Travel ID, gaining access to the group’s digital customer services.
CFO’s Perspective on Performance
Till Streichert, Chief Financial Officer of Deutsche Lufthansa AG, commented on the results: “We’re navigating a volatile environment with high uncertainty and cost pressures.”
“I’m pleased to report a strong quarterly performance, significantly above last year, alongside progress in our Turnaround program.”
Outlook for 2025
Global demand for air travel remains robust, but geopolitical tensions, macroeconomic uncertainties, and volatile commodity prices and exchange rates pose challenges to forecasting accuracy.
Short-notice booking trends among travellers further limit visibility for the second half of 2025.
Despite these uncertainties, the Lufthansa Group is confident in its full-year outlook, reaffirming its forecast for a significantly higher Adjusted EBIT compared to 2024’s €1.6 billion, supported by approximately 4% capacity growth.
The group remains agile, ready to respond to evolving market conditions while continuing to deliver value to customers and shareholders.
