Lufthansa shares fall over 8% on steep Q2 profit drop, cautious outlook

Lufthansa shares tumbled more than 8% after the German airline reported a sharp decline in second-quarter net profit to €123 million, down from €1.01 billion a year ago and well below analyst expectations. The carrier also adopted a more cautious full-year guidance, citing volatile jet-fuel prices and a €200 million hit from strikes. The company now expects adjusted EBIT of between €1.7 billion and €2.2 billion for 2026.