Previous Close | 6.83 |
Open | 6.83 |
Bid | 6.82 x 948200 |
Ask | 6.82 x 1900800 |
Day's Range | 6.80 - 6.85 |
52 Week Range | 6.51 - 10.49 |
Volume | |
Avg. Volume | 4,364,862 |
Market Cap | 8.166B |
Beta (5Y Monthly) | 1.53 |
PE Ratio (TTM) | 4.24 |
EPS (TTM) | 1.61 |
Earnings Date | Apr 30, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | May 08, 2019 |
1y Target Est | 9.30 |
BERLIN (Reuters) -Lufthansa on Thursday said it agreed with labour union Verdi to seek arbitration of the collective wage dispute after the latest round of negotiations over pay increases for the airline's ground staff failed to reach results. "The arbitration process should be concluded as quickly as possible and there should be a peace obligation during the arbitration," the company said in a statement, meaning the union would not call for further strikes for the time being. Verdi said Lufthansa must promise to reach a result in the arbitration by March 30th and then recognise it, adding that the union will hold a strike vote among employees from the beginning of next week.
"Our goal is to generate a result of over one billion euros," CEO of the unit Soeren Stark said in a statement, adding that the disproportionate growth driver will be the segment with technical support for engines and aircraft components. In November, as part of the release of Lufthansa Technik's Ambition 2030 growth programme, Lufthansa's executive board said it had decided not to pursue plans to sell a minority stake in the aircraft maintenance unit.
Lufthansa flagged that its operating losses in the first three months of 2024 will be hurt as labor strikes press on.