Lufthansa submits final TAP bid. Lufthansa stock falls 1.53 percent

Published on 10/14/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lufthansa bids for 44.90 percent of TAP on October 14, 2026. Lufthansa stock is EUR 7.09 on October 14, 2026, down 1.53 percent versus EUR 7.20 at Xetra.

Final bid and earnings date

Lufthansa submitted a final bid for 44.90 percent of TAP Air Portugal on October 14, 2026.
Second-quarter 2026 revenue reached EUR 11.1 billion, up 7.90 percent year over year.
Lufthansa stock trades at EUR 7.09 at 12:09 p.m. CEST at Lang & Schwarz on October 14, 2026, 1.53 percent below the Xetra close of October 13, 2026.
Bernstein kept its EUR 9.00 target and Market-Perform rating on October 6, 2026.

Isometrischer 3D-Miniatur-Flughafen mit Terminals, Gates und Flugzeugen — Isometrische 3D-Illustration für Deutsche Lufthansa AG (ISIN DE0008232125): Miniatur-Flughafen im Low-Poly-Stil mit Terminals, Jetways, Gates, Rollfeld und weißen generischen Passagiermaschinen, Bodenfahrzeuge und Grünflächen, Illustration mit AI erstellt.

Lufthansa (ISIN DE0008232125) submitted a final bid for 44.90 percent of TAP Air Portugal on October 14, 2026, while its stock traded at EUR 7.09 at Lang & Schwarz, down 1.53 percent versus the October 13 Xetra close of EUR 7.20. Ground News reported that the revised bids cover the privatization of TAP Air Portugal and will be assessed on investment, fleet growth and labor commitments.

Three events shape the story

The chronology starts with Lufthansa's second-quarter 2026 results on June 30, 2026. Revenue was EUR 11.1 billion, up 7.90 percent from the second quarter of 2025, while net income fell 87.00 percent to EUR 130.0 million, according to Simply Wall St.

On October 12, 2026, Lufthansa Group cancelled flights to Riyadh until October 16, 2026, as Saudi authorities extended the airport suspension, The Daily Star reported. The current October 14 TAP bid is the third dated event and adds a strategic expansion decision to the operational risk picture.

What will the TAP bid change?

The 44.90 percent stake would deepen Lufthansa's position in Southern Europe, but the bid is not yet a completed acquisition. The Portuguese government must assess the proposals, and final approval also requires further political and regulatory steps, according to Ground News.

Fuel costs remain the immediate earnings counter-factor. Bernstein Research kept Lufthansa at Market-Perform with a EUR 9.00 price target on October 6, 2026, while warning that higher kerosene prices could create pressure for next year's results and put the company's annual goals at risk, according to FinanzNachrichten. The EUR 9.00 target is 26.66 percent above the Lang & Schwarz price, but it does not remove the cost risk ahead of the next report.

Next report sets the test

Lufthansa is scheduled to publish its report for the first nine months of 2026 on November 3, 2026, according to Simply Wall St. That release will provide the first reported measure of how summer demand, fuel costs and the Riyadh disruption affected profitability.

Stock trades below the Xetra close

Lufthansa was trading at EUR 7.09 at Lang & Schwarz on October 14, 2026, at 12:09 p.m. CEST, down 1.53 percent versus the Xetra close of October 13, 2026, at EUR 7.20. The further course of trading is shown by the continuously updated real-time quote of Lufthansa stock.