Lufthansa

Published on
06/05/2026 – 15:39 GMT+2

The surge in jet fuel prices has become a primary concern for the European travel industry, with Lufthansa finding itself at the centre of this crisis.

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According to Lufthansa’s latest earnings report, the airline expects an additional €1.7 billion ($2bn) fuel cost burden in 2026 as soaring jet fuel prices continue to weigh on the industry.

The need to avoid certain airspaces has led to longer flight times, which naturally increases consumption. These adjusted routes also require more staff hours and higher maintenance cycles, adding layers of complexity to an already strained global supply chain.

As reported by Euronews, global airlines have already cancelled approximately 13,000 flights this May, while Lufthansa alone has axed 20,000 short-haul flights through to October in a bid to cut fuel consumption.

This reduction in capacity is a direct response to the unsustainable cost of operating older, less fuel-efficient aircraft during price peaks.

While Lufthansa has managed to stay profitable, the jet fuel price spikes have forced the firm to advise passengers to book their holidays as early as possible to avoid further surcharges.

The company is currently investing heavily in its “fleet modernisation” programme to mitigate these risks in the long term, though the immediate impact of fuel volatility continues to weigh on the balance sheet.

Lufthansa remains committed to its financial targets, but the volatility of the global oil market remains the largest variable in its 2026 outlook.

“We are satisfied with the first quarter […] at the same time, the current situation compels us to rigorously examine every lever available to reduce costs, improve efficiency and mitigate risks in order to maintain our ability to act decisively. Our annual profit will likely be lower than originally anticipated,” CFO Till Streichert stated.

The Lufthansa Group has announced a landmark financial performance, revealing that it generated the highest revenue in its history in 2025. Revenue rose by 5% compared with the previous year to €39.6 billion.

According to the latest figures, the airline group also saw its operating profit grow by 20% compared with 2024, highlighting a robust recovery in passenger demand.

In the first quarter of 2026, year-on-year revenue climbed 8% despite challenges linked to the conflict involving Iran, including €1.7 billion in additional costs caused by volatile jet fuel prices and the suspension of dozens of routes.

The firm kept its capacity broadly stable with slight growth in long-haul traffic compensating for capacity reductions in short and medium-haul segments.

Lufthansa Technik and Lufthansa Cargo also significantly contributed to earnings with demand for maintenance, repair and overhaul services increasing, as well as through the marketing of ITA Airways’ cargo space.

Global demand for air travel remains high and continues to prove resilient even in times of crisis, as Lufthansa Group again expects a strong summer travel season.

“In the first quarter, we significantly improved on the previous year’s financial results […] but the ongoing crisis in the Middle East, combined with rising fuel costs and operational constraints, poses enormous challenges for the world as a whole, for global air travel and for our company as well,” CEO Carsten Spohr stated.

“However, we are resilient in our ability to absorb these impacts. This applies both to our above-average hedging against fuel price fluctuations and to our multi-hub, multi-airline strategy, which provides us with greater flexibility in our route network and fleet development,” Spohr added.

“Mr. Nobody Against Putin” filmmaker Pavel “Pasha” Talankin will soon be reunited with his Oscar statuette after it went missing amid his recent travels.

A spokesperson for European airline Lufthansa confirmed Friday in a statement shared with outlets that the coveted golden statuette has been located and is “safely in our care.” Lufthansa spoke on the missing Oscar after Talankin’s co-director Dave Borenstein raised the flag Thursday on social media. “Mr. Nobody Against Putin” won the documentary feature film category at the 98th Academy Awards in March.

According to Borenstein, Talankin arrived at the John F. Kennedy International Airport in New York “to fly home to Europe” and had the Oscar in tow as a carry-on. Airport security allegedly stopped Talankin from bringing the Oscar on board, citing concerns it could be used as a weapon. Borenstein said the film’s executive producer tried to smooth things but ultimately, “TSA put the Oscar in a box and sent it to the bottom of the plane” because Pavel did not have a check-in bag to place it in. He shared a photo of the cardboard box and Deadline published video of airport workers wrapping the statuette in bubble wrap and yellow tape.

Borenstein concluded his post noting the Oscar “never arrived” in Frankfurt, Germany, and speculated whether his co-director was on the receiving end of unfair treatment. “Would Pavel have been treated the same way if he were a famous actor? Or a fluent English speaker?” he wrote, tagging the Instagram account for the Transportation Security Administration. He also tagged Lufthansa and urged them to assist.

In response, Lufthansa commented on Borenstein’s post that it was on the missing Oscar case, and they are taking it “super serious.” Less than a day after their comment, the airline’s spokesperson said in their statement that it is “in direct contact with the guest to arrange its personal return as quickly as possible.”

“We sincerely regret the inconvenience caused and have apologized to the owner,” the spokesperson added.

Borenstein celebrated the development on Instagram, posting a clip of his interview with the BBC about the update and thanking a Lufthansa rep for their help and followers for spreading the word.

“Mr. Nobody Against Putin” features Talankin, a schoolteacher near the Ural Mountains, as he documents Russian propaganda efforts — from chants and songs — to energize young students around the war in Ukraine. During the Oscars in March, Talankin delivered a poignant message in Russian.

“In the name of our future, in the name of all of our children, stop all of these wars now,” he said through a translator.

The German airline is one of the biggest in Europe

Lufthansa has issued a statement after energy bosses claimed Europe has six weeks’ supply of jet fuel left. Fatih Birol, executive director of the International Energy Agency (IEA), warned there could be flight cancellations ”soon” if oil supplies remain restricted by the Iran war.

When approached for comment, Lufthansa told the Mirror that it claims to be in a better position than most competitors regarding its kerosene requirements. A spokesperson for the airline said: “The Lufthansa Group has secured (‘hedged’) approximately 80 per cent of its kerosene requirements for 2026.

“And approximately 40 per cent for 2027 based, among other things, on the price of crude oil – both at pre-crisis price levels. With this level of hedging, we are in a better position than most competitors.”

It comes as the airline announced it will cut 20,000 short-haul flights from its schedule this summer to save money amid rising jet fuel costs. Most of these cuts are due to the shutdown of its unprofitable CityLine fleet and the retirement of its 27 planes. The airline pointed out that jet fuel prices have more than doubled and noted labour disputes involving its employees.

A statement on the Lufthansa Group website reads: “In total, 20,000 short-haul flights will be removed from the schedule through October, equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict. The schedule adjustments reduce the number of unprofitable short-haul flights across the Lufthansa Group network.

“The planned consolidation of the European network is being carried out across Lufthansa Group’s six hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome. Passengers will therefore continue to have access to the global route network, particularly long-haul connections. However, due to the increase in jet fuel prices, this will be achieved significantly more efficiently than before.”

On Tuesday, April 21, the Prime Minister discussed the Government’s work to ease pressures caused by the Iran conflict with ministers and officials at a meeting of the Middle East Response Committee. A government spokesperson said: “The discussion focused on the Government’s ongoing work to ease pressures being felt here in the UK.

“This included the diplomatic activity to promote progress on negotiations, and bring back security and stability for the region, and the military planning to restore freedom of navigation in the Strait of Hormuz. The Prime Minister acknowledged that the impact of the war in the Middle East will be felt beyond the end of the conflict, and stressed the importance of protecting British families.

“They discussed a range of ongoing contingency planning, such as our work with fuel suppliers, airlines and international counterparts, to ensure people keep moving and businesses are supported. UK airlines are clear that they are currently not seeing a shortage of jet fuel, and it is right that the Government continues to work with industry to ensure we closely monitor the situation.

“They said it was right that this Government is introducing wider measures to strengthen long-term resilience, including measures announced today to accelerate breaking the link between gas and electricity prices to support families and businesses under pressure and exposed to volatile gas prices.”

April 21 (UPI) — European airline Lufthansa announced Tuesday that it will chop 20,000 “unprofitable” short-haul flights through October, a move the company says will save more than 40,000 metric tons of jet fuel.

The company, which is based in Germany, said fuel costs have doubled since the start of the conflict in Iran. This follows a move last week to retire the 27-plane fleet of its CityLine subsidiary ahead of schedule, Politico reported.

Lufthansa canceled the first 120 flights, which were to take place through the end of May, on Monday and said it had alerted affected passengers.The 20,000 cancelations include the former CityLine flights and affect the airline’s hubs in Frankfurt, Munich, Zurich, Vienna, Brussels and Rome.

“Passengers will therefore continue to have access to the global route network, particularly long-haul connections,” Lufthansa said in its announcement. “However, due to the increase in jet fuel prices, this will be achieved significantly more efficiently than before.”

The airline said that it will post the schedule “optimizations” from June onward in late April.

Politico reported that other airlines, including SAS Scandinavian Airlines and Air France- KLM, have turned to similar measures to deal with fuel costs.

The global air travel crisis has spread further as Lufthansa and KLM became the latest airlines to announce flights axed to and from major destinations, including London Heathrow

Hundreds of flights have been cancelled by two major airlines amid warnings Europe has just a “few weeks” of jet fuel left.

Germany’s flag carrier airline Lufthansa is suspending its CityLine services from tomorrow, including flights to and from London, in response to rocketing kerosene costs and an ongoing trade union dispute. Netherlands’ KLM meanwhile confirmed it had cancelled 160 flights over the next month, as the industry grapples with an ‘unprecedented’ oil shock triggered by the closure of the Strait of Hormuz.

It comes after the head of the world ’s energy watchdog has warned that Europe only has six weeks’ supply of jet fuel because of the Middle East conflict.

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Fatih Birol, executive director of the International Energy Agency (IEA), warned there could be flight cancellations “soon” if oil supplies remain restricted by the war, with Iran and the US jostling for control for the vital Strait of Hormuz waterway.

Mr Birol said the conflict is causing “the largest energy crisis” the world has “ever faced”, with Asian nations such as Japan, India and China that rely on energy from the Middle East currently on “the front line”. But he warned that the impact would then “come to Europe and the Americas”, likely as soon as late May. Tourists are encouraged to continue to check before they travel.

Lufthansa’s CityLine services, which fly to a number of destinations across Europe including London, Paris, Frankfurt, Florence, Kraków, Stockholm and Copenhagen, will be cancelled from Saturday. Multiple daily services from Heathrow have already been pulled from the schedule.

A statement from Lufthansa last night said: “In view of significantly increased kerosene prices, which have more than doubled compared to the period before the Iran war, as well as rising additional burdens from labour disputes, the implementation of the corporate strategy is being partially accelerated.

“As a first, immediately effective step, starting the day after tomorrow, the 27 operational aircraft of Lufthansa Cityline will be permanently removed from the schedule to reduce further losses at the loss-making airline.”

Ongoing strikes by pilots and cabin crew belonging to German trade unions have already grounded approximately 90% of all Lufthansa Group flights on the worst days this week, with cancellations reported at Heathrow, Manchester, Birmingham, Edinburgh, Newcastle, and Glasgow.

KLM announced “a number of adjustments to its flight schedule for the coming month” on routes which are “no longer financially viable to operate”. The Dutch airline said this was due “rising kerosene costs”, adding: “There is no kerosene shortage.”

Meanwhile, schedule data published by AeroRoutes this week showed that Norse Airlines has cancelled bookings for its planned Los Angeles flights this summer from London Gatwick, Paris Charles de Gaulle, and Rome Fiumicino.

Jet prices have more than doubled since the beginning of the Iran war on February 28, causing the largest wave of cancellations at many major international airports since the Covid pandemic.