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RESEARCH TRIANGLE PARK, NC, and ST. LOUIS, MO  – BASF and Bunge today announced that Bunge will process InVigor Gold&#x2122; canola seed, BASF’s breakthrough canola-quality Brassica juncea hybrid. This represents a key step toward commercialization as BASF prepares for the U.S. launch in 2027.

Designed to perform in hotter, drier environments and lower-organic-matter soils, InVigor Gold canola grain meets canola-quality standards as affirmed by the Federal Grain Inspection Service (FGIS) and can be delivered directly or co-mingled with traditional black-seed canola (Brassica napus) for processing.

“Working with an industry leader like Bunge is an important step as we prepare to bring InVigor Gold to farmers doing the Biggest Job on Earth,” said Hugo Borsari, Vice President of Business Management for Seeds North America, BASF Agricultural Solutions. “InVigor Gold canola is designed to unlock new canola acres in more challenging growing environments, giving farmers another option to consider in their rotations.”

BASF introduced growers to InVigor Gold canola seed in 2025 as an innovation designed to unlock the genetic potential of canola-quality Brassica juncea. In June of this year, BASF announced InVigor Gold L322, the first hybrid in the portfolio, with initial commercial availability planned for growers in Montana, North Dakota and Washington beginning in 2027.
“We’re excited to work with BASF to support the introduction of InVigor Gold to our customers,” said Mark Riou, Bunge’s Sr. Director, Canola Trading – North America.  "As canola production expands, establishing reliable processing and market access is essential for grower confidence and long-term success. By leveraging our oilseed processing capabilities, beginning with our Warden, Washington facility, we can help create a clear pathway from farm to market while supporting the continued growth and evolution of the North American canola industry."
For more information about InVigor Gold canola seed, contact your local BASF representative or visit InVigor Gold. 
Always read and follow label directions. InVigor is a registered trademark of BASF. © 2026 BASF Agricultural Solutions US LLC. All Rights Reserved.

About BASF’s Agricultural Solutions division
Everything we do, we do for the love of farming. Farming is fundamental to provide sufficient and affordable food for a rapidly growing population, while reducing environmental impacts. That’s why we are working with partners and experts to integrate sustainability criteria into all business decisions. With €990 million in 2025, we invest in a strong R&D pipeline, and our solutions are purpose-designed for different crop systems. Connecting seeds and traits, crop protection products, digital tools and sustainability approaches, to help deliver the best possible outcomes for farmers, growers and stakeholders along the value chain. In 2025, our business generated sales of €9.6 billion. For more information, please agriculture.basf.us or our social media channels. 
 
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 13,300 employees in North America and had sales of $18.1 billion in 2025. For more information about BASF’s North American operations, visit www.basf.com/us.
At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 95,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of around €60 billion in 2025. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
 
About Bunge
At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed, and fuel to the world. As a premier agribusiness solutions provider, our dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland, and its corporate headquarters in St. Louis, Missouri. Learn more at Bunge.com.

BASF’s InVigor Gold canola seed to be processed by Bunge, supporti...

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WILMINGTON, Del. – DuPont (NYSE:DD) has announced that its U.S.-based healthcare manufacturing operations are now powered by 100 percent renewable electricity through the purchase of additional Renewable Energy Certificates (RECs). This milestone supports DuPont’s 2035 Sustainability Goals and its ambition to achieve net-zero carbon emissions by 2050.

Supported by U.S.-sourced renewable electricity generation, approximately 30,000 megawatt-hours (MWh) of electricity consumption for these additional 12 manufacturing sites are now matched annually, reducing Scope 2 greenhouse gas emissions from grid electricity use.

“Powering these additional U.S. healthcare manufacturing facilities with renewable electricity is a meaningful step in advancing our sustainability commitments while enabling a more sustainable healthcare supply chain for the benefit of both our customers and patients,” said Dean Childers, Vice President and General Manager, DuPont Healthcare Solutions.

“Achieving 100% renewable electricity at our U.S.-based DuPont healthcare manufacturing facilities further contributes to our decarbonization strategy and RE100 commitment, with more than half of our total DuPont global electricity already sourced from renewables,” said Scott J Collick, Chief Sustainability Officer, VP of Sustainability & Regulatory Compliance.

DuPont remains committed to expanding renewable energy use, lowering greenhouse gas emissions, and helping customers advance their sustainability goals.

For more information on DuPont’s sustainability strategy and progress, visit www.dupont.com/sustainability.

About DuPont
DuPont (NYSE: DD) is a global innovation leader, providing advanced solutions that help transform industries and improve everyday life across our key markets of healthcare, water, construction, and industrial. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

DuPont Announces Healthcare Solutions U.S.-based Manufacturing Sites...

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MIDLAND, Mich. and ZURICH – Dowopens in a new tab (NYSE: DOW), a global materials science company, and Amcoropens in a new tab (NYSE: AMCR; ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced a strategic collaboration designed to help brands and retailers accelerate adoption of low carbon packaging solutions.
amprima

AmPrima® recycle-ready solutions from Amcor (product renderings)
Building off a shared history of advancing GHG emissions reduction efforts, the collaboration connects Dow's low carbon polyethylene (PE), materials science and carbon footprint expertise with Amcor's packaging innovation, manufacturing expertise and global reach. Together, Dow and Amcor aim to help brands and retailers easily implement and scale next-generation packaging solutions that deliver the required performance, quality and functionality while helping achieve their Scope 3 targets.

Under the collaboration, Dow and Amcor will work together to identify technically and commercially viable packaging applications, engage value chain partners early in the adoption process, and provide carbon footprint information to support customers as they navigate complex packaging decisions.

“One of the biggest barriers to decarbonization is the gap between consumer interest and commercial commitment,” said Keith Cleasonopens in a new tab, business president, Packaging & Specialty Plastics at Dow. “Together with Amcor, we are testing a new commercial model through market-based mechanisms to reduce adoption risk, create clearer demand signals and help accelerate commercialization of low carbon packaging solutions across the value chain. We are making it easier for brands and retailers to evaluate and integrate low carbon packaging options that support both business growth and sustainability objectives."

This collaboration comes at a time when companies have set ambitious GHG emissions reduction targets for Scope 3 emissions1 , which account for indirect GHG emissions across the company’s value chain and often represent the largest share of a company’s carbon footprint. Increasingly, brands and retailers are looking for scalable packaging solutions that deliver measurable emissions reductions without requiring significant packaging redesigns or new infrastructure investments.

"Scope 3 emissions occur upstream and downstream in the value chain, making it difficult to reduce. Bringing low carbon polyethylene to market in packaging that meets the same technical and design standards is one of the simplest ways to help shrink a product’s carbon footprint,” said David Clark, chief sustainability officer at Amcor. "Because it’s truly a drop-in solution for brands, we see this collaboration as an exciting opportunity for them to translate climate commitments into action."

Central to the collaboration is the Carbon Footprint Ledger (CFL)opens in a new tab methodology, which is based on the existing industry precedents of mass balance in GHG accounting. CFL provides independently assured product carbon footprint information aligned with internationally recognized standards, including ISO 14067 and the Greenhouse Gas Protocol Product Standard. Combined with Amcor's packaging expertise, the approach gives customers greater visibility into the climate impact of their packaging choices, helping them evaluate low carbon packaging options with greater confidence and transparency.

The collaboration reflects the growing importance of coordinated value-chain action, bringing together Dow and Amcor’s complementary capabilities to help customers advance GHG emissions reductions across packaging value chains. By working across materials, packaging and customer applications, the collaboration creates a more connected approach to addressing GHG emissions challenges that can be difficult for any one company to tackle alone.

About Dow
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, customer-focused innovation and leading business positions enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 29 countries and employed approximately 34,600 people as of year-end 2025. Dow delivered sales of approximately $40 billion in 2025. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us at www.dow.com.

About Amcor
Amcor (NYSE: AMCR; ASX: AMC) is the global leader in developing and producing responsible consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of flexible packaging, rigid packaging, cartons and closures that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. Supported by a commitment to safety, 75,000 people generate $23 billion in annual sales from operations that span approximately 400 locations in more than 40 countries.
www.amcor.com

Dow and Amcor launch strategic collaboration to accelerate adoption ...

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NEW YORK – KPMG and Anthropic today announced KPMG Digital Gateway Powered by Claude, bringing Anthropic’s frontier AI directly into KPMG’s client delivery platform. The launch is part of a global alliance, with an initial focus on tax clients and private equity (PE) firms. By embedding Claude into Digital Gateway, KPMG’s market leading AI-enabled platform, clients can build agentic workflows in real time to help drive better outcomes. KPMG in the U.S. will also embed Claude into its PE-focused product offerings, and the two organizations will co-develop new Claude-powered products for portfolio companies.

“At KPMG, we're innovating and redefining how work gets done,” said Bill Thomas, Global Chairman and CEO, KPMG International. “This global alliance with Anthropic reflects our shared commitment to responsible AI, prioritizing security, trust, and governance as KPMG firms scale these capabilities to our clients and people around the world."

"KPMG works in industries where accuracy, accountability, and trust aren’t optional, and they're applying the same standard to AI. They’re rolling Claude out to 276,000 people across the business and using it for client work in tax and private equity. They're also bringing it into cybersecurity, where it helps find and fix vulnerabilities. That's what a firm-wide commitment to AI looks like, and we're proud to be the partner they chose,” said Daniela Amodei, Co-founder and President of Anthropic.

“Our clients depend on us where accuracy, judgment and knowledge matter most,” said Tim Walsh, Chair and CEO of KPMG US. "AI is changing how we deliver – trust and innovation are the core of this new offering and we’re proud to partner with Anthropic to deliver incredible value to our clients and our people. It’s one of the most important things we'll do."

The alliance brings together Anthropic’s frontier AI, KPMG professionals’ domain experience, and a shared commitment to security and trust in AI.

Claude Cowork and Managed Agents embedded inside Digital Gateway. Digital Gateway is KPMG’s global technology platform, built on Microsoft Azure, that combines KPMG tax insights, proprietary tools, and client data in one environment. It's where KPMG professionals already build the AI tools they use every day to serve clients. With Claude embedded, professionals and clients work with AI inside the platform itself, building new capabilities in real time.

“Building an AI agent to help clients adjust to changing tax regulations used to take weeks and required teams to switch between multiple tools and chat windows,” said Rema Serafi, Vice Chair, Tax at KPMG US. “With Cowork and Managed Agents integrated in Digital Gateway, that same capability takes minutes. This is a totally different way of working.”

Value creation for Private Equity clients. KPMG in the U.S. will be a preferred consultant for deploying Anthropic AI capabilities to PE clients, helping portfolio companies responsibly use Anthropic AI and agents to drive productivity gains and create new AI-driven products and services.
    Modernizing work with Claude. KPMG’s 276,000 global workforce will have access to Anthropic’s Claude suite of AI capabilities, building on the successful adoption of Claude across KPMG’s Advisory, AI and Data Labs and enterprise support teams in the U.S. over the last two years. As part of the strategic alliance, KPMG and Anthropic will help shared clients reimagine their business functions and co-develop AI-enabled product offerings that will solve client challenges in ways that were previously not possible. For example, the new portfolio of offerings for PE clients includes KPMG Blaze, which can embed Claude Code to help clients accelerate IT modernization, cut development lifecycles and enable faster delivery of AI-enabled technology systems.

Across the alliance, KPMG and Anthropic will embed cybersecurity, risk, and AI assurance into how AI systems and tools are designed and operated, with teams finding and fixing vulnerabilities and protecting critical systems. All work is guided by the KPMG Trusted AI framework.

"We’ve worked on the KPMG Digital Gateway platform for years. Adding Anthropic’s Claude models inside the platform changes what’s possible – not just the speed, but the type of work itself. Our team is genuinely doing different things than they were six months ago, and this alliance takes it further. That’s the kind of progression we want from advisors who are serious about leading on AI.”

– Neil Dougherty, EVP and CFO, Keysight Technologies, Inc.

“Organizations often talk about keeping a ‘human in the loop’ when using AI, but KPMG and UT Austin’s research helps clarify what that human should be doing. We find that the greatest value comes not just from technical adoption, but from the ways employees exercise judgment, shape workflows, interface with the technology, evaluate its outputs, and make decisions with AI. As these tools become more embedded in consequential work, responsible deployment will require both capable technology and a much clearer understanding of the human role in creating value.”

– Ethan Burris, Senior Associate Dean for Academic Affairs, McCombs School of Business at UT Austin

About KPMG
KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively. Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

KPMG firms operate in 138 countries and territories with more than 276,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG and Anthropic sign global alliance and launch Digital Gateway P...

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COPENHAGEN, Denmark – Accenture (NYSE: ACN) has completed its acquisition of Mjølner Informatics from Norlys, strengthening Accenture’s software engineering, digital engineering and embedded software development capabilities in Denmark. The acquisition expands the company's presence across the country. Following the receipt of all required regulatory approvals, approximately 400 professionals from Mjølner Informatics have joined Accenture.

"We are delighted to officially welcome our new colleagues from Mjølner Informatics to Accenture," said Carsten Sachmann, Country Managing Director of Accenture Denmark. "Mjølner brings deep expertise in developing complex, business-critical software solutions. Together, we will be even better positioned to help clients turn technological opportunities into practical solutions that create tangible business value."

Founded in 1988, Mjølner Informatics is a Danish technology company delivering end-to-end digital solutions, with deep industry expertise in Energy & Utilities and Manufacturing, serving a range of clients located in Western Denmark. Headquartered in Aarhus, the company operates offices in Silkeborg, Fredericia, Copenhagen and Madrid.

The acquisition further strengthens the strategic relationship between Accenture and Norlys. Under the expanded collaboration, Accenture will continue delivering a range of digital development and IT services that support Norlys' ongoing business and technology transformation.

About Accenture
Accenture helps the world's leading enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed for organizations across industries. Our strategy is to be the reinvention partner of choice for our clients and lead in the safe, widespread adoption of AI, and to be the most client-focused, AI-enabled, great place to work in the world. We bring together the talent of our approximately 814,000 people with proprietary assets and platforms, deep process and industry expertise, and leading ecosystem relationships to deliver end-to-end solutions and measurable outcomes at scale. Through our Reinvention Services, we offer broad expertise across Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song, Supply Chain and Engineering, and Talent, with advanced capabilities in AI and Data, Industry and Process, and Technology. We serve approximately 9,000 clients and generated approximately $74 billion in FY26 revenue. Visit us at accenture.com.

Accenture Completes Acquisition of Mjølner Informatics, Bringing De...

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SEATTLE and FORT WORTH, Texas — American Airlines and Alaska Airlines have announced their intent for Alaska Airlines to join American’s Atlantic and Pacific Joint Businesses, expanding international travel opportunities for customers and strengthening access to premium global travel experiences.

The carriers anticipate filing for approval and antitrust immunity with the U.S. Department of Transportation and seeking other relevant approvals from international regulators in the coming months. The announcement builds upon the existing relationship between Alaska, American and their oneworld partners across the Atlantic and the Pacific.

“Alaska Accelerate is about building a stronger, more global airline for our guests, and expanding our partnership with American is an important step in that strategy,” said Alaska’s Executive Vice President and Chief Commercial Officer Andrew Harrison. “Joining these joint businesses would put Alaska on equal footing with its competitors by giving our guests more seamless access to international destinations while preserving the care, loyalty benefits and premium experience they expect from Alaska.”

“We’re proud of our long-standing partnership with Alaska Airlines and excited to build on its success,” said American’s Chief Commercial Officer Nat Pieper. “Together, with our joint business partners in the Atlantic and Pacific, we are enhancing a global network that gives customers greater access, convenience and choice.”

The Atlantic Joint Business was formed in 2010 and includes American, British Airways, Iberia, Finnair, Aer Lingus and LEVEL.

"Alaska Airlines is a highly regarded partner and we welcome its intention to join the AJB,” said Julio Rodríguez Contreras, International Airlines Group (IAG)'s Chief Commercial Strategy Officer. “For more than 15 years, the Atlantic Joint Business has delivered greater choice, better connectivity and a more seamless travel experience across the North Atlantic. Alaska Airlines will further strengthen the partnership and help expand travel options on both sides of the Atlantic."

The Pacific Joint Business was launched shortly after and includes American and Japan Airlines.

“We warmly welcome Alaska Airlines’ intent to join the Pacific Joint Business, as we celebrate our 15th anniversary of the partnership with American Airlines,” said Ross Leggett, Japan Airlines’ Senior Managing Executive Officer, Senior Vice President - Route Marketing. "This expansion will further strengthen our combined network, offering customers more travel options between Asia and North America. We are excited to work closely with our partners to bring greater value to customers across the Pacific.”

Inclusion in these international joint businesses is critical to Alaska’s ability to develop its international reach and will increase competition while delivering improved connectivity throughout the West Coast to better serve joint business customers.
About Alaska, Hawaiian and Horizon

Alaska Airlines, Hawaiian Airlines and Horizon Air are subsidiaries of Alaska Air Group, and McGee Air Services is a subsidiary of Alaska Airlines. We are a global airline with hubs in Seattle, Honolulu, Portland, Anchorage, Los Angeles, San Diego and San Francisco. We deliver remarkable care as we fly our guests to more than 140 destinations throughout North America, Latin America, Asia, the Pacific and Europe. Guests can book travel at alaskaair.com and hawaiianairlines.com. Alaska and Hawaiian are members of the oneworld alliance. Members of our Atmos Rewards loyalty program can earn and redeem points with oneworld airlines and our additional global partners that serve over 1,100 worldwide destinations. Learn more about what’s happening at Alaska and Hawaiian at news.alaskaair.com. Alaska Air Group is traded on the New York Stock Exchange (NYSE) as “ALK.”
About American Airlines Group (NASDAQ: AAL)

American Airlines is a premium global airline connecting more of the U.S. to the world. With roots tracing back to an air mail carrier in the Midwestern United States in 1926, American now operates more than 6,000 daily flights to more than 350 destinations in more than 60 countries and serves more than 200 million customers annually. Powered by a proud and talented team of 130,000 aviation professionals, American’s team lives out the airline’s purpose of caring for people on life’s journey every day.

The world’s largest airline proudly celebrates its centennial year in 2026, reaching a milestone that reflects a century of innovation and the Forever ForwardSM spirit that changed the industry and the world. American introduced the first scheduled air cargo service, the first airport lounge and the first airline loyalty program and continues to reinvent the customer experience today. The airline is also a founding member of the oneworld alliance, whose members serve more than 900 destinations around the globe.

American Airlines and Alaska Airlines announce plans for Alaska to j...

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Group revenue rises by eight percent to 11.1 billion euros in the second quarter

Approximately 750 million euros in additional costs due to increased fuel prices in the second quarter

Adjusted EBIT declines significantly to 383 million euros

Lufthansa Cargo continues positive trend and improves Adjusted EBIT by 42 million euros

Lufthansa Technik achieves an Adjusted EBIT of 157 million euros, in line with the prior-year level

Uncertainties for the full year remain high; intact demand, network optimizations and cost discipline offset higher kerosene costs

Lufthansa Group expects an Adjusted EBIT of between 1.7 and 2.2 billion euros for the full year 2026, considering the current kerosene price volatility

Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, says:
“Today, we reflect on a challenging second quarter that was once again marked by multiple geopolitical crises and uncertainties. Despite our further improvement in load factor and a significant increase in yield, we were unable to fully offset the considerable rise in fuel costs. The continued strong global demand for air travel—primarily in the premium classes—had a particularly positive impact. Our numerous investments in premium products such as Allegris, Swiss Senses, and the FOX service upgrade are beginning to pay off. At the core Lufthansa brand, all three elements of the turnaround program are now taking effect: fleet and product renewal is making visible progress, capacity at the highly efficient Discover Airlines and Lufthansa City Airlines is being continuously expanded, and competitiveness is being enhanced through numerous productivity and efficiency measures. At the same time, the positive trend in the cargo business continues. Lufthansa Cargo significantly increased its operating profit, achieving a margin of over 11 percent in the second quarter. Lufthansa Technik also delivered a solid second quarter and increased its revenue by 11 percent. Especially in a volatile environment, it is apparent that our business model is robust, adaptable, and increasingly resilient.”

Second-quarter 2026 result shaped by high kerosene prices
The Lufthansa Group increased its revenue in the second quarter of 2026 by eight percent year on year to 11.1 billion euros (prior year: 10.3 billion euros). The company recorded an operating profit (Adjusted EBIT) of 383 million euros, a significant decline compared to last year (prior year: 870 million euros). The primary drivers of the earnings decline were fuel costs that were approximately 750 million euros above the prior-year level, as well as financial burdens of at least 150 million euros caused by strikes. Offsetting these were improved yields, which were more than 13 percent above the prior-year level on Asian routes.

The Adjusted EBIT margin contracted to 3.4 percent (prior year: 8.4 percent). Group net income also declined to 123 million euros (prior year: 1.0 billion euros), mainly due to a lower operating result, valuation effects, and one-off tax effects in the prior year. Adjusted free cash flow fell to -365 million euros (prior year: 138 million euros).

Network airlines partially offset costs through strong demand
The Group's network airlines offered 3 percent less capacity in the second quarter than in the comparable prior-year quarter, with the decline attributable primarily to six strike days in April as well as the group-wide optimization of short-haul operations, including the removal of CityLine's flight operations from the schedule. The load factor of the group network carriers edged up slightly to 81.6 percent and unit revenues rose sharply by 6.4 percent year on year. Both figures underscore robust demand. This demand strength was driven in particular by the premium segment and by Asian routes.

Due to the sharp rise in kerosene prices resulting from the conflict in the Middle East, fuel costs at the network airlines rose by more than 600 million euros year on year. Unit costs excluding fuel and emissions expenses increased by 3.1 percent year on year mainly as a result of the lower capacity. The key cost drivers were higher personnel expenses and depreciation. Taking last year's capacity into account, unit costs rose by only about one percent, which demonstrates the consistent cost discipline in the core business.

Overall, the network airlines generated an Adjusted EBIT of 137 million euros, 490 million euros less than in the prior year. This figure also includes an equity result that was 108 million euros lower than in the prior year, attributable mainly to negative currency driven valuation effect of lease liabilities at ITA Airways.

Point-to-point airlines record strong intra-European demand
Eurowings reduced its capacity by six percent compared to the second quarter of the prior year. Unit revenues rose by 9.4 percent, driven primarily by a strong European business. Against the backdrop of the crisis in the Middle East, Eurowings has temporarily suspended flights to the Gulf region — which had previously seen strong growth — and is instead operating additional routes to the Mediterranean region.

Unit costs excluding fuel and emissions expenses rose by 10.9 percent, driven in particular by the reduced capacity as well as higher expenditure on aircraft maintenance and increased charges for fees, catering and personnel in preparation for the introduction of the Boeing 737-8 MAX into the fleet.

The equity result from the SunExpress joint venture was 29 million euros below the prior-year level, due primarily to a challenging demand environment on routes to Turkey.

Overall, Adjusted EBIT in the point-to-point airlines segment fell by 101 million euros in the second quarter of 2026 to -37 million euros. Here too, the primary driver was the sharp rise in fuel prices, which caused a cost increase of 71 million euros year on year.

Lufthansa Technik and Lufthansa Cargo post earnings increases
Demand for Lufthansa Technik's maintenance, repair and overhaul services remains consistently high. Revenue rose by 11 percent year on year to 2.2 billion euros (prior year: 2.0 billion euros), with revenue from external customers even increasing by 23 percent. Operating profit (Adjusted EBIT) of 157 million euros slightly exceeded the prior-year level (prior year: 149 million euros).

Lufthansa Cargo was able to expand its capacity in the second quarter by two percent year on year. This was attributable in particular to increased cargo space capacities, including the marketing of ITA Airways' belly capacity.

Against the backdrop of the crisis in the Middle East, demand in the air freight business remained persistently high. Consequently, yields rose considerably by 27 percent year on year. Unit costs were higher than the previous year, though this was due to passed-on kerosene costs. Overall, Lufthansa Cargo generated a markedly improved Adjusted EBIT of 116 million euros (prior year: 73 million euros).

The Lufthansa Group's balance sheet remains consistently stable
Operating cash flow fell by approximately 600 million euros in the first half to around 2.3 billion euros. The change is primarily driven by a lower operating result as well as lower advance ticket payments as of end of June, owing to shorter booking cycles compared to the prior year. Net investments of 1.0 billion euros (prior year: 1.6 billion euros) were attributable mainly to final payments for eight aircraft deliveries as well as advance payments for future fleet additions. Adjusted free cash flow in the first half of 2026 stood at 1.0 billion euros, roughly in line with the prior-year level.

The Group also maintained a stable balance sheet in the second quarter of 2026. As of 30 June 2026, net financial debt including net pension obligations stood at 8.3 billion euros, in line with the level at year-end 2025. As of end of June 2026, total liquidity available to the company amounted to 10.7 billion euros, likewise matching the figure at year-end 2025.

Till Streichert, Chief Financial Officer of Deutsche Lufthansa AG:
“The second quarter was characterized by exceptionally high fuel costs and heightened geopolitical uncertainty. Nevertheless, thanks to robust demand, rising yields and the strong performance of Lufthansa Cargo, we were able to achieve a positive result. At the same time, our balance sheet remains consistently strong at 10.7 billion euros in liquidity. Even though uncertainties for the second half of the year remain high, we are confident that the consistent execution of our strategy, cost discipline, network optimizations and persistently high demand will offset a significant portion of the cost increases. However, the growing volatility of fuel prices in recent times, as well as the considerably shorter booking cycles in the passenger airline business, are making forecasting increasingly difficult. For this reason, we are now projecting a full-year earnings range of 1.7 to 2.2 billion euros in Adjusted EBIT — the upper end of this range therefore continues to represent a result significantly above the prior year.”

Outlook: Range added due to high kerosene price volatility
The Lufthansa Group now expects an Adjusted EBIT of between 1.7 and 2.2 billion euros for fiscal year 2026. The upper end of the range continues to represent a result significantly above the prior year and thus remains in line with the previous earnings ambition. The range reflects the heightened uncertainty stemming from high kerosene price volatility and shortened booking cycles in the passenger business. Key influencing factors for the further earnings development include the trajectory of fuel costs, unit revenues, the operational stability of flight operations and the air freight business. The Lufthansa Group now expects full-year capacity to be in line with the prior-year level. The forecast for Adjusted free cash flow of approximately 0.9 billion euros remains unchanged.

Further information
Further information on the results of individual business segments will be published in the report for the second quarter of 2026. This will be published simultaneously with this press release on 4 August 2026 at 7:00 a.m. CEST at https://investor-relations.lufthansagroup.com/en/investor-relations.html.

Traffic figures for the second quarter of 2026 will also be published at 7:00 a.m. CEST at https://investor-relations.lufthansagroup.com/en/financial-reports-publications/traffic-figures.html

Lufthansa Group benefits from strong demand for air travel and achie...

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- African airlines will need nearly 1,200 new airplanes; 75% will be single-aisle jets
- Aviation services demand will fuel the need for 75,000 new aviation professionals
- Intra‑Africa and Africa–Middle East traffic will lead regional fleet growth and network expansion

NAIROBI, Kenya, – Africa’s young, increasingly urban population, growing middle class and improving infrastructure will drive passenger traffic to grow nearly 6% annually through 2045, one of the fastest rates globally, Boeing [NYSE: BA] said today. The region’s commercial airplane fleet will more than double from 755 to 1,625 over the next 20 years to support this demand, as projected in Boeing’s 2026 Commercial Market Outlook (CMO) for Africa.

Fleet expansion
Of the nearly 1,200 newly delivered airplanes expected by 2045, 870 will be single‑aisle jets to support expanding domestic and regional networks.
Demand for widebody airplanes will more than double, supporting fleet modernization and long‑haul network growth. Boeing also forecasts that the cargo fleet will grow from 60 to 150 freighters as the continent’s logistics, e‑commerce and high‑value export markets develop.

Passenger traffic growth
Intra‑African passenger traffic is expected to grow at a faster pace than the regional average, enabled by better flight connections. Europe remains the largest international passenger market for flights to and from Africa and is forecast to remain so through 2045. This is driven by expanding economic ties, enduring cultural and family connections, and rising tourism investment.

“Africa’s aviation market is entering a period of sustained growth driven by improving connectivity, expanding intraregional travel and deeper economic ties across the continent and with key global markets. Meeting this demand will require a broader commitment to fleet modernization, expanded capacity, digital solutions and workforce development," said Shahab Matin, Boeing managing director of Commercial Marketing. "The opportunity extends well beyond airplanes. It will require investment in affordable access, and the people who will support a larger fleet."

Commercial services and workforce needs
The expansion of Africa’s aviation ecosystem will create growing demand for services and skilled personnel through 2045. Boeing’s Commercial Services Market Outlook forecasts a $140 billion market for maintenance, repair, overhaul and modifications (MRO), digital solutions.

Boeing’s Pilot and Technician Outlook forecasts that as airlines grow their fleets and expand route networks, they will need 75,000 new aviation professionals: 22,000 pilots, 25,000 technicians and 28,000 cabin crew.

The Boeing Commercial Market Outlook is an annual forecast published since 1961 that provides 20‑year demand projections for airplanes and services worldwide. For more information, visit: cmo.boeing.com(opens in a new tab).

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing has been a committed partner to African airlines and aviation institutions for over seven decades, supporting safe, reliable and sustainable growth across the continent.

2045 to Meet Rising Air Travel Demand...