LHA.DE - Deutsche Lufthansa AG
| Previous Close | 9.20 |
| Open | 9.20 |
| Bid | 9.22 x 948200 |
| Ask | 9.22 x 1900800 |
| Day's Range | 9.11 - 9.32 |
| 52 Week Range | 5.31 - 11.16 |
| Volume | |
| Avg. Volume | 4,854,852 |
| Market Cap | 11.02B |
| Beta (5Y Monthly) | 1.55 |
| PE Ratio (TTM) | 11.97 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | May 08, 2019 |
| 1y Target Est | N/A |
- Reuters
Rome Fiumicino seen as Lufthansa's new southern hub after ITA deal
ROME (Reuters) -Lufthansa hopes to develop Rome Fiumicino as a southern hub for the group and will focus on long-haul flights from the Italian airport to Northern and Latin America, group slides said on Friday. Lufthansa will buy a 41% stake in ITA Airways, the successor of former flagship carrier Alitalia, through a 325 million euro ($357.76 million) capital increase and is aiming to take full control of the airline in the future. "We will also build on ITA's established strength on routes to Asia, Northern Africa and the Middle East," Lufthansa CEO Carsten Spohr told analysts.
- Reuters
Lufthansa intends to fully take over ITA Airways - CEO
Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday. That ownership stake could be extended based on how well the airline performs in the coming year, Lufthansa CEO Carsten Spohr said.
- Reuters
Soaring airline customer complaints push global legislators to act
Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. Official data from regulatory agencies shows complaints against airlines have reached, or neared record levels in countries like Canada and Germany over the last year since COVID-19 restrictions lifted and travel restarted.
- Reuters
FOCUS-Soaring airline customer complaints push global legislators to act
Nikoleta Dodova is among a growing number of dissatisfied airline customers. Having bought her mother and niece airline tickets from Sweden to Macedonia last year, their flight was cancelled and they ended up at an airport over two hours away. Official data from regulatory agencies shows complaints against airlines have reached, or neared record levels in countries like Canada and Germany over the last year since COVID-19 restrictions lifted and travel restarted.
- Bloomberg
Lufthansa to Buy Stake in ITA in Bet on Italian Market
(Bloomberg) -- Deutsche Lufthansa AG agreed to buy a stake in Italian carrier ITA Airways, allowing the German airline to expand in Europe’s third-largest aviation market while letting Rome rid itself of an asset that’s soaked up billions of euros in state support.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeJPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republ
- Reuters
UPDATE 1-Lufthansa Technik bidder field narrows ahead of second round - sources
Lufthansa's aircraft maintenance business Lufthansa Technik will enter the second phase of its partial sale process in mid-June, two sources familiar with the matter told Reuters. The bidder field has narrowed to include private equity firms Advent International, CVC Capital Partners and Bain Capital, all vying to invest in a minority stake, the sources said, speaking on condition of anonymity. Blackstone had previously shown interest in the asset but is no longer involved, the sources said.
- Reuters
Lufthansa clinches deal for minority stake in ITA Airways
ROME (Reuters) -Lufthansa will take a 41% stake in ITA Airways by way of a 325 million euro ($358 million) capital increase that will flow directly to the Italian carrier, the German group said on Thursday. Lufthansa CEO Carsten Spohr met Italian Economy Minister Giancarlo Giorgetti in Rome on Thursday to finalise talks, which started in January but were extended beyond an initial deadline of April 24. "Today's agreement will lead to a win-win situation for Italy, ITA Airways and Lufthansa Group ... a stronger ITA will invigorate competition in the Italian market," Spohr said.
- Simply Wall St.
An Intrinsic Calculation For Deutsche Lufthansa AG (ETR:LHA) Suggests It's 49% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Deutsche Lufthansa fair value estimate is €18.72 Deutsche...
- The Telegraph
Ryanair shouldn’t expect a fair fight from the EU – the sad truth is Brussels doesn’t care
It was at least a victory of sorts for Ryanair, and for its pugnacious boss Michael O’Leary. Last week, it won a victory against the established giants of the aviation industry when the European Court of Justice ruled that the billions offered by the German government to Lufthansa during the height of the Covid pandemic were effectively illegal.
- Reuters
EU's Vestager says 'all options on the table' after Lufthansa/SAS rulings
The European Union's top competition official on Wednesday said "all options" were on the table but did not indicate what her next steps could be after Lufthansa and SAS suffered a setback in Europe's second-highest court. The court also ruled in Ryanair's favour against pandemic state aid for SAS. EU Competition Commissioner Margrethe Vestager said she was analysing the rulings as a matter of urgency, aware of the uncertainty on the market.
- Reuters
Lufthansa suffers blow as EU court backs Ryanair challenge against bailout
Lufthansa suffered a setback on Wednesday after Europe's second-highest court sided with Ryanair and annulled a European Union competition regulator's decision clearing its state bailout. The court cited errors in the EU competition regulators' decision to approve the German government's 6-billion-euro ($6.60 billion) rescue package and said they also failed to provide incentives for a quick repayment. Lufthansa, which said it would decide on a further course of action after analysing the ruling, has already repaid the aid in full, which could limit any immediate impact of the ruling, although it could have consequences for future state bailouts.
- Reuters
Lufthansa sees earnings boost from strong summer travel
FRANKFURT (Reuters) -German airline group Deutsche Lufthansa said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets. "The continuously strong demand gives us confidence for the coming months," finance chief Remco Steenbergen said on Wednesday. Lufthansa said it still expects to post a significant year-on-year improvement in adjusted earnings before interest and tax (EBIT) for the full year 2023.
- Reuters
Top Lufthansa shareholder Kuehne does not plan to take blocking minority stake-Welt am Sonntag
Logistics billionaire Klaus-Michael Kuehne, Lufthansa's top shareholder, has no plans to raise his stake in the carrier to a 25% blocking minority, which would give him the power to veto major strategic decisions, he hold a German paper. Kuehne in September disclosed that he had increased his stake in Lufthansa to 17.5%, after the German government sold all its remaining shares in the airline, which it accumulated as a result of the COVID pandemic to keep the airline afloat. "It should remain at the current 17.5% for now," Kuehne, who is also the controlling shareholder of Swiss logistics firm Kuehne & Nagel and has a 30% stake in container shipping company Hapag-Lloyd, told Welt am Sonntag.
- Reuters
Lufthansa says hopeful of finalising ITA deal in days
NEW DELHI (Reuters) -Lufthansa is hopeful of finalising the partial takeover of Italy's state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as "very good." The two airlines agree on how to work together to win market share, Harry Hohmeister, head of global markets and network, Lufthansa Group Airlines, said at a New Delhi press conference to announce new flights to India.
- Reuters
Italy, Lufthansa extend exclusive talks on ITA Airways sale
Italy's Treasury and Germany's Lufthansa have agreed to extend exclusive talks over the sale of ITA Airways until May 12 from the previous deadline of April 24, a source close to the matter told Reuters on Monday. The source, speaking on condition of anonymity, said Treasury granted Lufthansa's request for extra time for the talks. Talks proceed in a "constructive manner", the source added.
- Reuters
Portugal PM welcomes Lufthansa's interest in TAP, Scholz sees good fit
Portuguese Prime Minister Antonio Costa welcomed the interest expressed by Lufthansa in the upcoming privatisation of flag carrier TAP, but promised a level playing field and a transparent process for all contenders. Speaking to reporters alongside visiting German Chancellor Olaf Scholz, Costa said the government will "shortly start TAP's privatisation and several companies have expressed interest, one of them Lufthansa". Added Scholz: "My impression is that something does fit well together here, but let us see how it turns out."
- Reuters
ITA Airways chairman says deal with Lufthansa largely agreed
ROME (Reuters) -ITA Airways has worked out the main elements of a partial takeover deal with Lufthansa and hopes to announce it soon, the chairman of the state-controlled Italian airline said on Wednesday. Sources have previously said the German carrier is negotiating with Rome over the purchase of a 40% stake in ITA, valued at around 200 million euros ($218.82 million), with the idea of buying the rest at a later stage. "The course is set," he added, speaking on the sidelines of a presentation of a new aeroplane at Rome's Fiumicino airport.
- Reuters
European airlines lay groundwork for potential bids for Portugal's TAP
At least three European airlines are laying the groundwork for potential bids for Portugal's flag-carrier TAP, sounding out local communications agencies and legal advisers as a new CEO prepares to take over, according to sources and media reports. Finance minister Fernando Medina said in February the government was doing preliminary work for the privatisation process. Lufthansa, Air France-KLM and British Airways owner IAG are seen as potential buyers.
- Zacks
DLAKY vs. SWRAY: Which Stock Is the Better Value Option?
DLAKY vs. SWRAY: Which Stock Is the Better Value Option?
- Reuters
Lufthansa to sell rest of LSG Group to private equity firm Aurelius
The German flagship carrier hopes the move will allow it to focus more on its core airline business, with chief financial officer Remco Steenbergen saying profitability and capital returns could improve further in that area as a result. The company said it expects the deal to positively impact its operating margin and adjusted ROCE. The transaction is expected to close in the third quarter, Lufthansa and Aurelius said.
- Reuters
Lufthansa CEO says final talks with ITA Airways focused on price
BRUSSELS (Reuters) -Lufthansa's final negotiations for the takeover of ITA Airways are focused on price given ongoing losses, Lufthansa CEO Carsten Spohr told journalists on Wednesday ahead of a meeting later this week with the Italian government to push forward talks. Late in January, the Italian Treasury said it had signed a letter of intent with Lufthansa over the sale of a minority stake. Spohr said a final deal was still some weeks, not days, away, but that it is expected to be decided by April 24.
- Zacks
DLAKY or SWRAY: Which Is the Better Value Stock Right Now?
DLAKY vs. SWRAY: Which Stock Is the Better Value Option?
- Reuters
European shares lifted by miners' best week in nearly two years
European shares rose on Friday as hopes the U.S. Federal Reserve could adopt a measured approach to rate hikes lifted the technology sector, while miners extended their rally on growing bets for a demand recovery in China. Overnight, Atlanta Fed President Raphael Bostic favoured "slow and steady" rate hikes moving forward and a pause by mid- or late-summer. Policy meetings from both the Fed and the European Central Bank (ECB), and U.S. jobs data are scheduled for the next two weeks, while China's annual parliament session is on Sunday when Beijing will set its economic goals for the year.
- Reuters
Lufthansa expects further 'significant improvement' after return to profit
Germany's Lufthansa on Friday delivered an "unprecedented" turnaround as it swung to a 1.51 billion euro profit in 2022 and expects a significant improvement in earnings this year, pushing its shares up to a three-year high as air travel rebounds. "Lufthansa is back," CEO Carsten Spohr said in a statement. The company's full-year operating profit of 1.51 billion euros ($1.60 billion) came after a loss of 1.6 billion euros a year ago.
- Investing.com
Lufthansa takes off again with €1.5 billion EBIT; sees more to come in 2023
By Geoffrey Smith
