Lufthansa faces strikes, rising fuel costs and ITA takeover at annual general meeting

Strikes have cost Lufthansa 190 million euros so far, and investors warn of long-term damage to trust in social partnership.
Due to the Iran war, Lufthansa’s fuel costs are rising by 1.7 billion euros, and a kerosene shortage is looming.
Management plans to accelerate the ITA takeover: the stake should rise to 90% by summer 2026, with full integration expected by 2027.
Lufthansa is canceling 20,000 short-haul flights by October, closing Cityline, and introducing a new basic fare without a free carry-on bag.
BaFin president Mark Branson warns of a high risk of sudden market corrections due to the Iran crisis.