Despite the slightly weaker outlook, the group reported a forecast-beating 30% rise in profits for the July–September period. (EPA Images pic)FRANKFURT: German airline giant Lufthansa said Tuesday it expects its 2026 fuel costs to be €2 billion euros (US$2.24 billion) higher than last year as the Iran war keeps global energy prices elevated.
Releasing third quarter results, the group predicted its fuel bill across the full year will come in at €9.3 billion.
That is 600 million higher than it had anticipated just a few months ago, as the US war against Iran drags on.
The group, which also operates carriers including Swiss, Brussels and Eurowings, also slightly downgraded its forecast for core profit to a range of between €1.7 and €2.0 billion for 2026.
