Lufthansa has become the latest airline to warn that ticket prices will rise further, as it forecast a two-billion-euro jump in annual fuel costs due to the Middle East conflict.
Price hikes would be necessary "to pass on the increase in kerosene costs," finance chief Till Streichert told journalists, after the group released forecast-beating quarterly results. "Ticket prices will increase by double digits next year." He also warned fuel costs would increase in 2027, but added: "That can still change – and hopefully for the better – if the geopolitical situation eases." Streichert stressed that Lufthansa had hedged over 80 percent its fuel costs for 2026, meaning they had it largely locked in prices and was less exposed to market volatility.
Spohr nevertheless said it was the strongest quarter "in terms of revenue in the history of the Lufthansa Group. "With rising revenues amid consistently high demand and strict cost discipline, we were able to more than offset the increase in fuel costs of approximately half a billion euros," he said.