Lufthansa Reopens Munich–Dubai Route as Barclays Lifts Rating and TAP Deal Takes Shape
Published on 11/11/2026 at 17:31 | Editorial boerse-global.de
Lufthansa Group is reshuffling its Gulf network, confirming that flights between Munich and Dubai will resume on 25 November with five services a week. Eurowings will meanwhile operate a daily Berlin–Dubai connection. The Frankfurt–Dubai route, by contrast, stays suspended through the end of the 2026/27 winter timetable, and the same pause applies to Dubai services run by Austrian Airlines, SWISS and ITA Airways.
The network news came alongside a change of heart from Barclays, which upgraded Lufthansa from "Underweight" to "Equal Weight" on Friday and lifted its price target to EUR 8.40 from EUR 7.50.
Record Quarter, Trimmed Ceiling
On 3 November the group reported third-quarter 2026 revenue of EUR 12.2 billion, a record and a 9% increase year on year. Adjusted EBIT for the quarter advanced 6% to EUR 1.4 billion. Shares were up 1.0% on the day.
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For the full year, however, the company narrowed its guidance: the upper bound for adjusted EBIT was cut from EUR 2.2 billion to EUR 2.0 billion, while the floor held at EUR 1.7 billion.
TAP Stake Still Conditional
Roughly a week before the quarterly update, Lufthansa Group and the Portuguese government signed an agreement covering the acquisition of an initial minority stake in TAP Air Portugal. The 44.9% holding carries a purchase price of EUR 1.02 billion. Completion of the deal remains subject to further conditions, so the signed accord does not yet translate into a closed transaction.
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Lufthansa Stock: New Analysis - 11 November
Fresh Lufthansa information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
