|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||114.33 - 117.07|
|52-week range||52.20 - 125.40|
|Beta (5Y monthly)||1.88|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Apr 2020|
|1y target est||N/A|
Lufthansa subsidiary Swiss is cutting its fleet by 15% and its workforce by up to 780 more people, the airline said on Thursday, as it responds to the collapse in passenger numbers caused by the coronavirus pandemic. The airline, which received loan guarantees from the Swiss government worth 1.275 billion Swiss francs ($1.40 billion) last year, said it expects a 20% decrease in demand over the medium term, making restructuring unavoidable. It saw its passenger numbers plunge 90% in the first quarter of 2021, pushing it into a operating loss of 201 million Swiss francs.
U.S. Trade Representative Katherine Tai said on Wednesday she was encouraged by her conversations with European officials about ending a 16-year dispute over aircraft subsidies, and both sides were serious about reaching an agreement. Tai said Washington's decision to suspend tariffs imposed as a result of World Trade Organization rulings - a move matched by the EU and Britain - reflected the "seriousness" of the drive to settle the longstanding row about government aid provided to U.S. planemaker Boeing and Europe's Airbus. "Our sense of motivation is being received across the Atlantic," Tai told an online event hosted by the Financial Times.
Looking at our key markets defense and space continued strong, industrial is showing early signs of recovery commercial is stable and medical is solid, but coming off a surge in COVID related demand over the last year. It's now running well north of $100 million this year and if we go back four, five years; it was $20 million business, so we have won a lot of positions on new programs.