Bloomberg
• Danny Lee, Sonja Wind
Lufthansa Group’s second-quarter adjusted EBIT fell by more than half as fuel costs rose by more than $750 million year over year and strike-related expenses weighed on results. The group widened its outlook range, while Lufthansa and Swiss pursue differing network strategies and the first 777-9 delivery remains planned for early 2027.
Air Cargo & Freight Logistics
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Airbus has completed ground vibration testing on the A350F, validating the freighter’s aeroelastic and structural-dynamics models in a mandatory certification campaign. The milestone clears a key prerequisite for the aircraft’s subsequent flight-test program as Airbus advances development and certification of its new-generation freighter.
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Lufthansa Group’s second-quarter adjusted EBIT fell by more than half as fuel costs rose by more than $750 million year over year and strike-related expenses weighed on results. The group widened its outlook range, while Lufthansa and Swiss pursue differing network strategies and the first 777-9 delivery remains planned for early 2027.
European logistics conglomerate e-Smart Group is advancing plans for ClearSky Airlines, a dedicated electric cargo carrier expected to begin regional operations in the second half of 2027. The airline intends to deploy Beta Technologies’ Alia CX300 freighters, linking emerging electric aircraft with commercial logistics operations.
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Atlas Air Worldwide has completed its previously announced investment in Icelandic ACMI and charter operator Air Atlanta, acquiring a 49% minority stake and control of its freighter fleet. The aircraft will transfer to Titan Aviation Holdings under a long-term lease, expanding Atlas’ global widebody cargo platform.
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ORIX Aviation has agreed to acquire UK-based AerFin from its current private equity owners in a transaction valued at approximately $640 million, expected to close by year-end. The deal adds aircraft, engine and component trading, leasing, repair and end-of-life services to ORIX’s asset-management platform.
All Nippon Airways remained profitable in the April-June quarter despite a higher fuel bill, though earnings declined year over year. The Japanese carrier said its “disciplined” approach helped contain the impact, while strong passenger and cargo demand made fuel-price pressure less severe than anticipated.
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International Airlines Group said British Airways captured stronger premium demand as business travelers avoided the Middle East, while the conflict constrained first-half capacity. Fuel costs and an Aer Lingus loss pressured earnings, prompting IAG to hold group capacity flat for 2026 as Vueling pursues savings through its 737 Max transition.
A Gates-founded firm is backing a startup developing lower-carbon jet fuel produced from hydrogen and carbon dioxide. The investment targets a potentially cheaper pathway to produce clean aviation fuel by converting hydrogen and CO2 into jet-range hydrocarbons, aiming to scale decarbonized fuel supply.
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