Lufthansa achieved record revenue of EUR 12.2 billion in the third quarter, up 9%, while adjusted EBIT increased 6% to EUR 1.4 billion, slightly above consensus. The group lowered the upper end of its 2026 EBIT guidance to EUR 2.0 billion from EUR 2.2 billion as fuel costs increased.
Fleet renewal, productivity improvements, and capacity shifts toward lower-cost airlines support nonfuel CASK control and an adjusted EBIT margin recovery.
Fuel volatility remains a major earnings risk: in the second quarter of 2026, Lufthansa recovered only around 60% of the EUR 600 million year-on-year increase in fuel costs.
Metric | LHA | WIZZ | RYA |
|---|---|---|---|
Price/Earnings (Normalized) | 13.34 | 16.18 | 14.61 |
Price/Book Value | 0.76 | 1.48 | 2.32 |
Price/Sales | 0.25 | 0.30 | 1.73 |
Price/Cash Flow | 3.38 | 2.31 | 8.56 |
Metric | LHA | WIZZ | RYA |
|---|---|---|---|
Quick Ratio | 0.73 | 0.70 | 0.46 |
Current Ratio | 0.97 | 0.97 | 1.17 |
Interest Coverage | 3.77 | 0.83 | — |
Metric | LHA | WIZZ | RYA |
|---|---|---|---|
Return on Assets (Normalized) | 1.56% | −3.78% | 10.42% |
Return on Equity (Normalized) | 6.36% | −59.41% | 18.96% |
Return on Invested Capital (Normalized) | 3.59% | −2.65% | 16.72% |
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