Lufthansa Technik Delivers Record H1 Earnings with €4 Billion Revenue Despite Tariff Headwinds
- Record earnings of 310 million euros adjusted EBIT in the first half of 2025.
- International growth through new locations in Canada and Portugal, high investments in Hamburg.
- Impact from tariffs and disproportionate cost increases.
Lufthansa Technik continued the planned growth of the company in the first half of 2025. While a significant increase in turnover to four billion euros (+13.1 per cent) confirms the global market leader’s leading position in the field of technical aircraft services, the margin trend also reflects the current challenges facing the industry. At EUR 310 million adjusted EBIT, earnings increased by 1.7% and, like sales, reached a new record level for the first six months of the year. But because costs rose faster than turnover in the same period, the margin fell slightly to 7.8% (-0.9 percentage points compared to the same time last year).
“We are facing a tougher environment and new challenges,” says Dr. Christian Leifeld, CFO of Lufthansa Technik since May 1. “The US tariff policy is burdening the company, and material and supplier costs are also rising as a result of this policy. We are now waiting for the details of the agreement between the EU and the US, but we must be prepared to compensate for a structural burden. Nevertheless, we are holding firm to our growth and investment targets.” Despite the general conditions, Lufthansa Technik is aiming for a clearly positive turnover and earnings trend for the year as a whole against the backdrop of continuing demand for maintenance and repair services.
In addition, the company is increasing its investments in existing and new locations and in personnel, as planned. For example, a new engine centre is being built at Calgary Airport to meet the demand for engine maintenance capacity from North American airlines. Recently, a groundbreaking ceremony was held for Lufthansa Technik Canada. The location is scheduled to go into operation in 2027 and create at least 160 jobs. A further 700 jobs will be created in Santa Maria da Feira near Porto. Lufthansa Technik Portugal will be repairing aircraft components and engine parts in the future. Things are set to start here at the end of 2027, and a training centre for the first new employees has been in operation since June.
Several hundred million euros will be invested in modernising the location at the company headquarters in Hamburg over the next few years. The cornerstone has just been laid for a new workshop building, where work on the interiors of VIP aircraft will also begin in 2027. This planned growth is made possible by the employees of Lufthansa Technik: As of the end of June, 22,352 people were working for the company worldwide, an increase of more than 1,100 employees within a year. In addition, more than 260 new employees in Germany alone will start their initial training in the coming weeks. Lufthansa Technik has filled all available training places – considering the shortage of young talent in many companies, this is not an obvious achievement but an indication of the company’s attractiveness as an employer.
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