Deutsche Lufthansa (LHA) AI Stock Analysis

Deutsche Lufthansa

(XETRA:LHA)

Select Model

Rating:63Neutral

Price Target:EUR 7.50▲(4.57% Upside)

Action:reiterated

Date:08/06/26

The score is driven primarily by improved but not high-confidence financial performance (profitability restored, but margin pressure, meaningful leverage, and weak/negative recent free cash flow). Valuation is a clear positive with a low P/E and a supportive dividend yield, while technicals are a headwind due to weak near-term momentum (below short-term moving averages and negative MACD).

Positive Factors

Diversified aviation business modelLufthansa’s mix of passenger, cargo, MRO and aviation-support activities gives it several revenue channels rather than reliance on ticket sales alone. Third-party services can broaden customer exposure and provide a more diversified earnings base across different aviation demand cycles.

Negative Factors

Cooling growth and margin compressionSlower revenue expansion and lower margins show that the recovery is losing operating momentum. Persistent compression would reduce earnings conversion from additional sales, limit reinvestment capacity and make results more sensitive to costs and pricing pressure over the next several quarters.

Deutsche Lufthansa (LHA) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 8.62B
Dividend Yield: 4.60%
Average Volume (3M): 4.32M
Price to Earnings (P/E): 12.6
Beta (1Y): 1.23
Revenue Growth: 6.22%
EPS Growth: -62.23%
Country: Germany
Employees: 103,305
Sector: General
Sector Strength: 55
Industry: Airlines, Airports & Air Services

Deutsche Lufthansa Business Overview & Revenue Model

Company Description

Deutsche Lufthansa AG is a prominent aviation group based in Germany, conducting operations worldwide. Its Network Airlines division is dedicated to offering passenger transportation services. The Eurowings segment also provides passenger flights, co...

How the Company Makes Money

Lufthansa makes money primarily by selling air transportation and aviation services across several major revenue streams. (1) Passenger airline revenue: The largest portion of revenue typically comes from ticket sales on scheduled flights. Passenger...

Deutsche Lufthansa Financial Statement Overview

Summary

Profitability and revenues recovered strongly post-2021 and remain positive in the TTM period, but growth has cooled and margins have compressed from 2023 levels. Leverage has improved materially versus 2021 but remains meaningful for a cyclical airline, and recent free cash flow has been near-zero to negative, limiting financial flexibility.

Income Statement

72Positive

Balance Sheet

64Positive

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	41.03B	39.60B	37.58B	35.44B	30.89B	16.81B
Gross Profit	4.85B	3.77B	3.73B	4.28B	3.10B	-1.09B
EBITDA	4.49B	4.73B	4.39B	5.05B	4.08B	5.00M
Net Income	670.00M	1.34B	1.38B	1.67B	791.00M	-2.19B
Balance Sheet
Total Assets	50.87B	49.42B	48.16B	46.16B	44.26B	43.49B
Cash, Cash Equivalents and Short-Term Investments	8.14B	8.15B	8.49B	8.27B	8.30B	7.67B
Total Debt	14.82B	14.55B	14.23B	13.95B	15.17B	16.69B
Total Liabilities	38.70B	37.71B	36.56B	36.45B	35.78B	39.00B
Stockholders Equity	12.11B	11.65B	11.54B	9.66B	8.40B	4.45B
Cash Flow
Free Cash Flow	-1.39B	-737.00M	-6.00M	659.00M	2.66B	-700.00M
Operating Cash Flow	3.48B	3.74B	3.89B	4.71B	5.17B	618.00M
Investing Cash Flow	-1.60B	-3.51B	-2.33B	-2.94B	-3.44B	-3.02B
Financing Cash Flow	-1.89B	-850.00M	-1.45B	-2.07B	-2.27B	2.87B

Deutsche Lufthansa Technical Analysis

Technical Analysis SentimentNegative

Last Price7.17

Price Trends

50DMA7.53Negative

100DMA8.24Negative

200DMA8.10Negative

Market Momentum

MACD-0.12Negative

RSI43.94Neutral

STOCH60.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:LHA, the sentiment is Negative. The current price of 7.17 is below the 20-day moving average (MA) of 7.22, below the 50-day MA of 7.53, and below the 200-day MA of 8.10, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 60.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:LHA.

Deutsche Lufthansa Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:LHA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:MTX	79Outperform	EUR 17.74B	18.81	20.01%	1.09%	12.33%	10.49%
DE:LHA	63Neutral	EUR 8.62B	12.58	5.65%	4.60%	6.22%	-62.23%
DE:SIX2	63Neutral	EUR 3.24B	11.49	14.22%	4.29%	7.36%	6.94%
DE:DHL	60Neutral	EUR 65.68B	17.67	16.64%	3.24%	1.28%	11.18%
DE:FRA	59Neutral	EUR 5.89B	15.14	7.50%	1.57%	3.04%	-1.81%
DE:HLAG	56Neutral	EUR 23.46B	392.65	0.32%	2.25%	-9.12%	-97.55%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

DE:LHA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:LHA	Deutsche Lufthansa AG (UK)	7.17	-0.55	-7.07%
DE:DHL	Deutsche Post AG (UK)	58.68	20.56	53.95%
DE:FRA	Fraport AG Frankfurt Airport Services Worldwide	63.75	-10.71	-14.38%
DE:HLAG	Hapag Lloyd	133.50	15.47	13.11%
DE:MTX	MTU Aero Engines	329.30	-39.67	-10.75%
DE:SIX2	Sixt (0NW7)	74.60	1.77	2.43%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026

Deutsche Lufthansa AI Stock Analysis