Business Segments Lufthansa

Equities

Real-time Estimate Tradegate Other stock markets 18:03:54 11/03/2026 HKT			5-day change	1st Jan Change
7.992 ^EUR	-2.56%		-4.84%	-5.04%

01:37pm	War in the Middle East - and holidays continue	DP
01:08pm	Despite crises, many Germans are not changing their vacation plans	DP

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Commercial Airlines
Passenger Airlines	-	22.76B	28.34B	29.69B	30.58B
CAPEX	-	-2.03B	-3.1B	-3.28B	-4.05B
EBITDA	-	1.47B	3.76B	2.88B	2.96B
D&A	-	1.77B	1.72B	1.84B	1.87B
Operating Income	-	-300M	2.03B	1.05B	1.09B
Eurowings	822M	-	-	-	-
CAPEX	-254M	-	-	-	-
EBITDA	-25M	-	-	-	-
D&A	205M	-	-	-	-
Operating Income	-230M	-	-	-	-
Network Airlines	8.38B	-	-	-	-
CAPEX	-1.04B	-	-	-	-
EBITDA	-1.92B	-	-	-	-
D&A	1.57B	-	-	-	-
Operating Income	-3.49B	-	-	-	-
Aerospace and Defense Maintenance and Services
Maintenance, Repair and Overhaul Services (MRO)	4B	5.55B	6.55B	7.44B	8.05B
CAPEX	-95M	-99M	-137M	-206M	-230M
EBITDA	384M	689M	785M	790M	755M
D&A	174M	178M	157M	155M	152M
Operating Income	210M	511M	628M	635M	603M
Charter Freight Air Transportation
Logistics	3.8B	4.63B	2.98B	3.26B	3.4B
CAPEX	-164M	-254M	-191M	-149M	-110M
EBITDA	1.64B	1.77B	401M	449M	525M
D&A	149M	170M	182M	198M	201M
Operating Income	1.49B	1.6B	219M	251M	324M
Specialty Educational Services
Other	466M	651M	920M	945M	1.17B
CAPEX	-49M	-45M	-30M	-169M	-135M
EBITDA	-317M	-138M	-93M	-69M	5M
D&A	120M	117M	113M	104M	97M
Operating Income	-437M	-255M	-206M	-173M	-92M
Consolidation	-1.77B	-2.78B	-5.29B	-3.76B	-3.6B
CAPEX	264M	45M	-121M	-20M	-112M
D&A	-36M	-31M	-11M	44M	47M
Operating Income	74M	-36M	-47M	-114M	38M
CAPEX	-	-	-	-	-
Commercial Repair Services
Catering	1.11B	1.96B	1.95B	-	-
CAPEX	-23M	-40M	-35M	-	-
EBITDA	108M	66M	117M	-	-
D&A	81M	77M	62M	-	-
Operating Income	27M	-11M	55M	-	-

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Europe (Excluding Germany)	5.32B	10.94B	12.77B	13.3B	13.61B
Total Assets	5.82B	5.65B	6.5B	7.15B	7.08B
CAPEX	-167M	-490M	-1.09B	-1.07B	-1.43B
Germany	4.32B	8.66B	9.81B	9.95B	10.41B
Total Assets	13.73B	14.27B	14.96B	15.66B	17.15B
CAPEX	-1.16B	-1.88B	-2.5B	-2.78B	-2.9B
United States of America	3.15B	6.63B	6.03B	6.39B	7.05B
Total Assets	440M	382M	92M	156M	158M
CAPEX	-13M	-25M	-15M	-16M	-29M
Asia / Pacific	2.45B	3.45B	3.68B	4.41B	4.61B
Total Assets	198M	208M	102M	115M	66M
CAPEX	-4M	-7M	-17M	-9M	-7M
North America (Excluding USA)	343M	802M	961M	1.16B	1.23B
Total Assets	48M	78M	59M	12M	7M
CAPEX	-1M	-6M	-10M	-6M	-3M
Central and South America	439M	904M	835M	838M	954M
Total Assets	27M	51M	19M	21M	19M
CAPEX	-1M	-3M	-3M	-2M	-2M
Middle East	432M	772M	720M	796M	890M
Total Assets	2M	2M	2M	1M	1M
Africa	370M	614M	640M	739M	844M
Total Assets	11M	8M	2M	1M	2M
CAPEX	-	-1M	-	-	-