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International Consolidated Airlines Group vs Deutsche Lufthansa: Which Stock Looks Stronger in 2026?

International Consolidated Airlines holds the cleaner structural position, with the lead spread across profitability and growth. Deutsche Lufthansa does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in profitability, but growth adds another real layer to the result. The overall score gap is 19 points in favour of International Consolidated Airlines Group S.A..

INDUSTRY COMPARISON

Both operate in: Airlines

This comparison is based on industry proximity, not on functional trajectory similarity. IAG.L and LHA.DE share the same industry classification.

For a similarity-based comparison, see how IAG.L and Deutsche Lufthansa each position within their functional peer groups in AssetNext.

Peer-Relative Score
IAG.L
International Consolidated Airlines Group S.A.
63
Peer-Score
Signal qualityMedium
vs
LHA.DE
Deutsche Lufthansa AG
44
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: IAG.L vs LHA.DE Profitability 73 25 Stability 28 36 Valuation 88 88 Growth 45 13 IAG.L LHA.DE
Gap Ranking
#1 Profitability +48
#2 Growth +32
#3 Stability +8
#4 Valuation
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for IAG.L and LHA.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer IAG.LLHA.DE Relative valuation Structural strength

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
On profitability, International Consolidated Airlines Group S.A. ranks near the top of the group; Deutsche Lufthansa AG sits in the weaker half.
Growth
International Consolidated Airlines Group S.A. sits higher in the group on growth, adding to the overall structural advantage.
Profitability — Dominant Gap
IAG.L
73
LHA.DE
25
Gap+48in favour of IAG.L

The profitability lead is mainly driven by a 12.3-point operating margin advantage.

What keeps the gap from being one-sided

Deutsche Lufthansa AG still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both profitability and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the IAG.L vs LHA.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-growth comparisons

Explore how IAG.L and LHA.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.