Lufthansa Sees Up to EUR450 Million in Annual Synergies From TAP Deal

07:48 AM EDT, 10/15/2026 (MT Newswires) -- Deutsche Lufthansa (LHA.F) expects up to 450 million euros in annual synergies over four years following its planned acquisition of a 44.9% stake in TAP Air Portugal, Bloomberg reported Thursday, citing the German airline group's executives. Lufthansa plans to acquire the stake in the Portuguese carrier, with the option to increase it to 49.9%. The deal is expected to close in 2028, according to the report. The acquisition would also increase Lufthansa's share of Europe-Latin America traffic to 20% from 9%, Chief Executive Carsten Spohr said, while Chief Financial Officer Till Streichert expects the deal to boost earnings per share in the first full year after completion, Bloomberg reported.