The successful course pursued by Lufthansa Technik has continued into the year 2025. Following last year's record result, the global market leader in the field of technical aviation services has now posted the best first-quarter result in the company's history with an Adjusted EBIT of 161 million euros (same period last year: 108 million euros*, up 49.5 percent). After the first three months, revenue was two billion euros and therefore 18.4 percent higher than in the same period last year. In the previous year, the strikes in Germany in particular had a significant negative impact on the earnings for the first quarter.

“We are delighted that the first quarter of 2025 went so well,” says Soeren Stark, CEO of Lufthansa Technik. “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.” Overall, the ongoing difficulties with material supplies across the industry and disproportionately high cost increases continue to pose challenges. Despite these conditions, Lufthansa Technik is aiming for a positive revenue and earnings performance for the full year against the backdrop of continued strong demand for maintenance and repair services.

The Adjusted EBIT margin, i.e. the ratio of earnings to revenue, was 8.0 percent in the first quarter (previous year: 6.3 percent, also due to the strikes) and is therefore still below Lufthansa Technik's target of 10 percent. On a positive note, Lufthansa Technik remains a sought-after partner for customers worldwide. After the company signed more than 900 contracts last year, thereby acquiring new business worth nearly eight billion euros, a further 176 contracts were signed in the first quarter of this year. In February, for example, the company announced a multi-billion euro contract with the Canadian airline WestJet for the maintenance of CFM LEAP-1B aircraft engines and the establishment of the new Lufthansa Technik Canada site in Calgary.

The recruitment of employees has already begun there as well as at the new Lufthansa Technik Portugal location in Santa Maria da Feira near Porto. Lufthansa Technik currently has 22,135 employees worldwide. Effective May 1, the company will be managed by a four-member Executive Board team. On Monday, the Supervisory Board appointed Dr. Christian Leifeld as Chief Financial Officer and Dr. Janna Schumacher as Chief Human Resources Officer of Lufthansa Technik. Soeren Stark has been Chief Executive Officer since July 2022, while Harald Gloy took over his role as Chief Operations Officer at the same time.

*Due to internal reorganization within the Lufthansa Group, Lufthansa Industry Solutions is no longer part of the segment Technik. The comparative figures have been adjusted accordingly.