Lufthansa shares drop sharply after the airline lowers its 2026 earnings outlook amid heightened uncertainty linked to the Middle East conflict, including fears related to Iran. Multiple outlets report that Lufthansa adjusts its forecast following weaker-than-expected earnings performance and a more cautious view of market conditions.

According to the reports, Lufthansa expects core profit for 2026 to fall within a defined range: one outlet cites a projection of between about US$2.0 billion and US$2.5 billion. Another specifies the company’s adjusted earnings before interest and taxes (EBIT) for 2026, projected at €1.7 billion to €2.2 billion, which it translates to roughly US$2.0 billion to $2.5 billion.

The forecast change marks a reduction from the company’s prior expectation of “significantly” higher earnings for 2026. The news follows the release of updated results and guidance, which investors interpret as reflecting increased risk to travel demand and operating conditions tied to the ongoing regional conflict.