Lufthansa's First A350-1000 Touches Down in Munich as Barclays Turns Neutral on the Stock
Published on 11/12/2026 at 07:02 | Editorial boerse-global.de
Lufthansa's inaugural Airbus A350-1000 landed in Munich today, a milestone that pairs the group's new Allegris cabin with a lower fuel burn per passenger. The jet, named "Deutschland," is the first of 15 of the type the Lufthansa Group has ordered, with the first ten earmarked for the Munich hub and deliveries running through 2030. Its maiden passenger service, to Tokyo-Haneda, is scheduled for 3 December, with Shanghai and Singapore set to join the route map in the weeks that follow.
The delivery also marks the 700th Airbus handed to the Lufthansa Group, underscoring a partnership that stretches back 50 years. The aircraft carries a special livery for the anniversary. According to Lufthansa, the twin-aisle burns up to 30% less fuel per passenger than jets of the previous generation, and its cabin offers roughly 300 seats. That combination matters for unit economics only if the promised savings show up in day-to-day operations — a caveat the airline will have to prove on its new long-haul schedule.
Cabin Upgrade and Free Connectivity
Beyond fuel, Lufthansa is leaning on the passenger experience. Allegris spans every travel class and includes suites in First and Business. A long-haul aircraft in the group is also getting Starlink Wi-Fi for the first time, with Miles & More members and Travel-ID users able to use the internet free of charge in all classes. For investors, the new jet therefore speaks to two operational levers at once: a leaner fuel bill and a stronger product.
Should investors sell immediately? Or is it worth buying Lufthansa?
Network Shifts in the Gulf
The arrival comes as Lufthansa reworks its Dubai schedule. From 25 November, Munich–Dubai returns with five weekly flights. Frankfurt–Dubai, by contrast, stays suspended until the end of the winter timetable on 27 March 2027. Eurowings is bringing back Berlin–Dubai with daily service, while SWISS flights from Zurich and Austrian Airlines from Vienna remain grounded until that same end-of-winter date.
Guidance Trimmed, Brokers Adjust
On 3 November, Lufthansa cut its 2026 adjusted EBIT forecast to EUR 1.7–2.0 billion, down from a previous upper bound of EUR 2.2 billion. For the third quarter of 2026 the group reported revenue of EUR 12.2 billion and adjusted EBIT of EUR 1.4 billion, with sales up nine percent year on year.
Bernstein said on 5 November that the quarterly result beat expectations, but that management had lowered the top end of its operating profit range because of higher fuel costs. The research house raised its price target to EUR 9.50 from EUR 9 and kept its "Market Perform" rating — crediting the quarter while staying cautious on the shares.
Barclays moved the other way on 6 November, upgrading Lufthansa from "Underweight" to "Equal Weight" and lifting its target to EUR 8.40 from EUR 7.50. The two revisions leave the stock with a more balanced broker consensus than either call alone would suggest, as the efficiency case for the new fleet meets the near-term drag of costlier fuel.
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Lufthansa Stock: New Analysis - 12 November
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