Deutsche Lufthansa Ag Reg (DLAKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Lufthansa Group Q4 2025 Results Conference Call and Live Webcast. I'm Moritz, the call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Marc-Dominique Nettersheim, Head of Investor Relations. Please go ahead, sir. Thank you very much, and also on my end, a very warm welcome, ladies and gentlemen, to the presentation of our full year results 2025. With me on the call today are our CEO, Carsten Spohr, and our CFO, Till Streichert. Both of them will present the results for the past year and discuss our commercial outlook for 2026. And afterwards, as always, you will have the opportunity to ask questions. And I want to remind you, please limit your questions to two so that everybody has a chance to participate in the Q&A session. Thank you very much. And with that, Carsten, over to you. Yeah, thank you, Mark, and a warm welcome for me as well to this full year 25 conference, which I think will start in a little bit of a different tone. Not because it's our famous 100-year celebration this year, which makes it a special year for us anyway, but while we were focusing on this to a certain degree, it's obviously last weekend when everything was changed again. So maybe I'll share with you a few thoughts on where we are when it comes to the situation at the Gulf first, which is, as you know, very dynamic, and then, of course, with a few thoughts on the w...