Lufthansa Technik grows revenue despite MRO market volatility

First-half of 2026 revenue increased by 11% to €4.4 billion as external customer business grew strongly, although cost pressures and market volatility weighed on margins.

Lufthansa Technik grows revenue despite MRO market volatility
Lufthansa Technik Budapest. Credit: Lufthansa Technik

Lufthansa Technik has revealed that the company increased revenue by 11% to €4.4 billion during the first half of 2026, supported by strong demand for MRO services and growth in business with external customers.

Adjusted EBIT reached €315 million, up 2% compared with the same period last year, while the adjusted EBIT margin fell by 0.7 percentage points to 7.1%.

External customer business increased by 21% and represented 78% of Lufthansa Technik's total revenue during the period, compared with 72% a year earlier.

The MRO provider said its operational performance continued to face cost pressures and greater market volatility, with external factors particularly affecting the second quarter.

These included reduced demand for certain MRO services following lower flight hours and postponed shop visits related to the Middle East crisis, as well as a weaker US dollar and continuing material shortages and delivery delays across the aircraft, engine and component supply chain.

Despite these pressures, Lufthansa Technik recorded a result slightly above the previous year's level, supported by new customer contracts, cost management and a one-off insurance compensation payment.

Dr Christian Leifeld, chief financial officer of Lufthansa Technik, said: “Demand for our services remains strong overall. At the same time, we are experiencing greater volatility in shop visits and less predictability than we did just a few years ago.

“This makes our close partnership with customers more important than ever. Through this customer focus and our ability to adapt quickly to changing conditions, Lufthansa Technik remains resilient and successful, even in a challenging market environment.”

Lufthansa Technik said it is continuing to invest in additional MRO capacity as part of its global growth strategy.

The company has broken ground on a new production facility in Santa Maria da Feira, near Porto, Portugal, where it is investing several hundred million euros to expand capacity for engine parts and aircraft component repairs. The facility is expected to create up to 700 jobs.

In Asia, Lufthansa Technik is establishing a new site in Clark, Philippines, creating approximately 1,200 jobs and additional widebody aircraft overhaul capacity.

Leifeld said: “Our investments follow a clear objective: we want to grow profitably and create additional capacity where our customers will need it in the future.

“At the same time, we are continuing to advance our technological capabilities, whether in Europe, Asia, the Americas, or the growing defence sector.”

Lufthansa Technik expects its full-year business performance to be “clearly above” the previous year's level, supported by continued MRO demand, long-term contracts and expansion of its production network.

The company employed 22,983 people worldwide at the end of the first half of 2026.