Bernstein keeps Lufthansa stock at a EUR 9.00 target

Published on 10/01/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 8.00 percent to EUR 11.10 billion in the second quarter of 2026. Lufthansa stock costs EUR 7.63 on October 1, 2026 versus EUR 7.66.

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Deutsche Lufthansa AG (ISIN DE0008232125) stock was trading at EUR 7.63 at Lang & Schwarz on October 1, 2026 at 12:04 p.m. CEST, down 0.39 percent versus the prior close of EUR 7.66. According to Markets Insider on September 24, 2026, Bernstein analyst Alex Irving maintained a Hold rating and set a EUR 9.00 price target. That target lies 17.95 percent above the Lang & Schwarz price.

Fuel costs squeeze second-quarter profit

CIBUNET reported that Lufthansa Group revenue rose 8.00 percent year on year to EUR 11.10 billion in the second quarter of 2026. Adjusted EBIT fell to EUR 383.00 million from EUR 870.00 million in the second quarter of 2025, cutting the adjusted EBIT margin to 3.40 percent from 8.40 percent.

The earnings pressure came despite demand holding up. Fuel costs were EUR 750.00 million higher year on year, while strike-related costs reached at least EUR 150.00 million in the second quarter of 2026, according to CIBUNET.

Guidance leaves fuel risk central

For fiscal year 2026, Lufthansa expects adjusted EBIT of EUR 1.70 billion to EUR 2.20 billion, as reported by CIBUNET. The range is below the EUR 1.96 billion adjusted EBIT reported for fiscal year 2025, but its upper end remains above that prior-year result.

The same report put available liquidity at EUR 10.70 billion on June 30, 2026. Lufthansa also expects full-year capacity to remain at the prior-year level, making fuel prices, booking patterns and operating stability key variables for the guidance range.

Stock remains below its yearly high

The Lang & Schwarz quote of EUR 7.63 was down 0.39 percent from EUR 7.66 on October 1, 2026. The quoted 52-week range was EUR 6.72 to EUR 10.29, while market capitalization stood at EUR 9.2 billion on the same date.

MarketScreener lists the next quarterly results for November 3, 2026. The date gives the market a defined checkpoint for testing whether the fuel shock has eased before the full-year guidance range is revisited. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.