汉莎集团二季度利润锐减56%，受油价飙升和罢工双重打击
伊朗冲突推高燃油成本及飞行员罢工导致汉莎集团2026年第二季度盈利骤降，公司下调全年业绩预期。
汉莎集团2026年第二季度调整后营业利润同比下滑56%至3.83亿欧元，当季销售额增长8%至111亿欧元。利润大幅下降的直接原因是伊朗战争导致航空燃油成本激增，以及4月份为期六天的飞行员罢工。
集团披露，仅第二季度燃油价格波动便带来约7.5亿欧元的额外成本；罢工造成的损失约为1.5亿欧元，另有报道显示为2亿欧元。尽管集团通过提价转嫁了约60%的燃油涨幅，但整体成本压力依然沉重。旗下瑞士国际航空凭借长期航线强劲需求和成本控制，上半年实现营业利润1.893亿瑞郎，同比下降3%，但未能阻止汉莎集团整体陷入亏损——上半年净亏损5.42亿欧元。
鉴于油价前景不明和客户短期预订趋势，汉莎将全年营业利润预期从此前“显著高于2025年的19.6亿欧元”下调至17亿至22亿欧元，同时暂停原定的运力增长计划，并关闭子公司Cityline以削减短途航线。为应对成本上升，汉莎已在多条航线引入或提高座位选择、额外行李等附加费。集团财务官表示，下半年提价策略的可见度低于往常。
财报发布后，汉莎股价在法兰克福交易所下跌超过10%。
| 欧洲大陆媒体 | −0.20 | neutral |
|---|---|---|
| 大西洋／英语圈媒体 | −0.10 | neutral |
| 东南亚媒体 | −0.30 | critical |
Lufthansa passes the cost of the Iran war onto passengers through higher fees.
By highlighting specific extra charges and the impact on travellers, the reporting makes the corporate loss tangible at the consumer level.
Uncertainty from fuel price volatility and the Iran war threatens Lufthansa's profitability.
The reporting uses the language of volatility and systemic risk, framing the profit warning as a consequence of uncontrollable external forces.
No mention of passenger fee increases or the pilot strike that also depressed earnings.
Lufthansa aims to pass higher fuel costs onto customers through higher ticket prices, but doubts remain about how effectively it can do so.
By quoting the CFO's statement on price increases and the low visibility of cost pass-through, the report turns a corporate issue into a consumer concern without explicit criticism.
Does not mention the passenger fee increases already implemented in Europe or the pilot strike that also hurt earnings.