Deutsche Lufthansa (LHA) Investor presentation summary

Group profile and network

• 2025 scale: €40bn revenue, 135m passengers, 730+ aircraft and 100,000+ employees from 160 countries.

• A multi-hub, multi-brand model combines affluent home markets, local airline brands and flexible traffic steering across European hubs.

• The network offered 18,930 origin-and-destination markets and 242 direct intercontinental connections; Athens–New York had up to 14 daily connections.

Fleet, product and transformation

• Passenger fleet simplification targets 6–9 aircraft types by 2030, versus 13 today; next-generation aircraft support lower fuel use, emissions and maintenance costs.

• Allegris Business Class seats recorded 70% higher NPS and ~12% higher unit revenue than the classic product; ~90% of customers said they would rebook.

• The airline turnaround achieved €0.5bn gross adjusted EBIT impact in 2025, with a ~€1.5bn target by 2026 and €2.5bn gross impact by 2028.

Portfolio and consolidation

• The 41% ITA Airways stake option was exercised in June 2026, with completion expected in Q1 2027; 20–30% of synergies had been captured by end-2025.

• Full ITA synergies are estimated at 10–15% of 2024 revenue, with 70–80% targeted during 2026–2027 integration.

• On 14 October 2026, the Portuguese government selected the offer for TAP Air Portugal’s privatization; potential run-rate net synergies are up to €450m.

• Eurowings operates from 13 European bases with more than 120 aircraft; its 2025 adjusted EBIT margin was 4.3%.