Lufthansa Technik has reported the strongest first quarter performance in its history, posting an Adjusted EBIT of €161 million – up 49.5% from €108 million in the same period last year. First-quarter revenue rose 18.4% year-on-year to €2 billion.
The company’s performance is particularly notable given the ongoing challenges facing the aviation MRO industry, including persistent material supply shortages and elevated cost pressures.
Last year’s first quarter earnings were significantly affected by strikes in Germany, which did not recur in 2025.
Soeren Stark, chief executive of Lufthansa Technik, said: “We are delighted that the first quarter of 2025 went so well. At the same time, achieving our ambitious targets is not a foregone conclusion. For example, we are currently studying and preparing for the possible effects of increased customs duties. However, it is still too early to provide details.”
Despite these headwinds, Lufthansa Technik is maintaining a positive outlook for the full year, supported by continued high demand for maintenance and repair services.
The Adjusted EBIT margin improved to 8.0% from 6.3% last year but remains below the company’s long-term target of 10%. Nonetheless, Lufthansa Technik continues to attract new business at a strong pace. Following a record 900 contracts in 2024 valued at nearly €8 billion, the company signed 176 additional contracts in the first quarter of 2025 alone.
Among the most significant recent deals is a multi-billion-euro contract with Canadian carrier WestJet for CFM LEAP-1B engine maintenance. The agreement includes the creation of a new Lufthansa Technik Canada facility in Calgary, where recruitment is already underway.
Hiring efforts are also progressing at Lufthansa Technik Portugal’s new location in Santa Maria da Feira near Porto. The company currently employs 22,135 people worldwide.
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