Lufthansa Technik reports revenue growth amid mounting industry pressures
Lufthansa Technik has reported continued revenue growth in the first quarter of 2026, although ongoing supply chain challenges, rising material costs and geopolitical uncertainty are weighing on profitability.
The MRO provider generated revenue of €2.3 billion during the first three months of the year, up 12% year-on-year, with third-party business now accounting for 78% of total revenue compared with 73% in the same period last year.
Adjusted EBIT remained broadly stable at €158 million, down 2%, while the company’s margin declined from 8.0% to 7.0%.
Dr Christian Leifeld, chief financial officer of Lufthansa Technik, said continuing material shortages – particularly affecting engine maintenance – alongside higher material costs and unfavourable US dollar exchange rates were creating significant challenges across the industry.
“We are sticking to our long-term plan and are once again investing hundreds of million euros this year in our future,” he said. “However, industry-wide material shortages and price increases pose a daily challenge for us.”
Lufthansa Technik also said it is closely monitoring the ongoing crisis in the Middle East and assessing potential impacts on airline customers and MRO demand.
Leifeld noted that some airlines had already begun reducing flight capacity, which could temporarily slow growth momentum.
Despite the pressures, Lufthansa Technik continues to expand its global footprint. The company recently opened a new component repair and overhaul facility in Tulsa, Oklahoma, while work is progressing on new operations in Portugal and Canada. Expansion activity is also continuing in Malta, where the company recently completed its first Boeing 787 cabin modification project.
In Asia, Lufthansa Technik signed what it described as its largest-ever engine services contract in China with the Juneyao Group.