Deutsche Lufthansa Group said its first‑quarter adjusted EBITDA swung to a 612 million euros loss, narrowing from last year’s 722 million euro deficit. Revenue climbed 8% to 8.7 billion euros, still shy of the 9.335 billion‑euro consensus. The carrier’s umbrella includes Swiss, Austrian, Brussels, ITA and Eurowings across Europe.

Group executives pointed to the ongoing Iran conflict as a driver of passenger and cargo demand across the Middle East. They expect a robust travel summer, with the geopolitical tension pushing passengers toward alternative routes and freight volumes up. The broader European network should absorb the lift, offsetting weaker earnings elsewhere.

Despite the narrowed loss, analysts note revenue shortfall relative to expectations signals lingering uncertainty in the airline market. Investors will watch how the group leverages its multi‑brand portfolio to convert demand into profitability. The data underscores the delicate balance airlines face between geopolitical risks and revenue growth.

Lufthansa’s financial tightening includes a €1.5 billion capital‑raise earlier this year and a planned restructuring of its low‑cost arm Eurowings. The group also announced a new codeshare with a Middle‑East carrier to capture displaced traffic. These moves aim to shore up cash flow while the company navigates fluctuating fuel costs and volatile passenger demand.