Key Financial Metrics (Q1 2026)
-
Operating Loss: €612 million (a 15% year-over-year improvement, beating analyst expectations of a €659 million loss)
- Revenue: €8.75 billion (a record high for the first quarter).
- 2026 Profit Target: Expected to significantly exceed the previous year's operating profit of €2 billion.
- Cost Increases: Jet fuel expenses are projected to rise by €1.7 billion for the fiscal year, likely leading to increased ticket prices.
Operational Resilience and Supply Chain
- Fuel Supply Status: Kerosene supply is fully guaranteed through at least June 2026, with no immediate shortages expected despite Middle East tensions.
- Capacity Growth: Flight schedule growth has been revised to 2% (down from the initially planned 4%) due to the closure of a regional subsidiary airline.
- Management Stance: The CEO confirmed the company is structurally resilient enough to handle geopolitical shocks and recent internal employee strikes.