Deutsche Lufthansa (LHA) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders and employees to the 73rd AGM, marking the first in-person meeting since 2019 and the 100th anniversary of the company.

• Reflected on the company's history, including its founding, challenges during WWII, and post-war rebirth.

Financial performance review

• Share price increased by 36% over the past year, outperforming DAX and MDAX; total shareholder return exceeded 40%.

• Proposed a dividend of EUR 0.33 per share, a 10% increase, with a total payout of approximately EUR 400 million and a payout ratio of 30%.

• Group revenue reached EUR 39.6 billion, with adjusted EBIT up 20% to EUR 2 billion and a margin of 5%.

• Passenger airlines contributed EUR 30 billion in revenue; Swiss, Austrian, and Eurowings all reported profits, while Brussels Airlines underperformed.

• Lufthansa Cargo and Technik delivered strong results, and ITA Airways contributed EUR 90 million as a minority holding.

Board and executive committee updates

• Karl-Ludwig Kley, Supervisory Board Chairman, retired after nine years; Johannes Teyssen nominated as successor.

• Three new supervisory board elections held: Karl Gernandt re-elected, Wolfgang Nickl and Johannes Teyssen newly elected.

• Outgoing members, including Carsten Knobel, were thanked for their service.