AGP Executive Report
Last update: 17 minutes agoAir Cargo: Lufthansa Cargo’s third-quarter operating profit jumped 230% to €162 million, with revenue up 26% as semiconductor and pharmaceutical shipments and expanded India services lifted results. Lufthansa Costs: The group cut its 2026 outlook as it expects its jet-fuel bill to rise by €2 billion, to €9.3 billion, amid conflict-driven price pressures. Airline Expansion: Lufthansa signed a €1.025 billion deal for a 44.9% stake in TAP Air Portugal, with Lisbon set to become its seventh hub and its Europe–Latin America market share to nearly double. Rail and Security: Siemens Mobility and Lufthansa Technik Defense are developing a medical evacuation train for more than 150 patients; separately, German firm Stark is developing an unmanned ship to track Russia’s shadow fleet. Fuel Supply: Kazakhstan has asked Russia to resume oil shipments through the Druzhba pipeline to Germany, after transit was halted in May; the route supplied Schwedt refinery with 2.1 million tonnes in 2025.
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