Lufthansa €750M Bond Steady After Fuel Hit; Eyes Still on 2026 Plan
Lufthansa’s new €750 million bond due 2032 traded at 100.81 on Tuesday, above its 99.88 issue price. The airline faces a projected €1.7 billion fuel bill increase for 2026 despite hedging 78% of its needs. CEO Carsten Spohr cited Middle East tensions and fuel costs as major challenges. Lufthansa cut 20,000 short-haul flights through October to save fuel.