|Bid||6.59 x 948200|
|Ask||6.60 x 1900800|
|Day's range||6.50 - 6.63|
|52-week range||5.24 - 9.34|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||N/A|
|Earnings date||27 Oct 2022|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2019|
|1y target est||7.13|
The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told newspapers in the Funke Media group. "Nevertheless, this summer we are dealing with a level of sick leave that is not easy to offset," said Foerster, adding the situation remained challenging. Most flight cancellations are affecting domestic routes where there are alternatives, she said.
FRANKFURT (Reuters) -Ground staff of Germany's Lufthansa and management have reached a pay deal after a third round of negotiations, averting further walkouts during the busy summer travel season, labour union Verdi and the carrier said late on Thursday. The pay dispute at Lufthansa resulted in a strike last week that caused the cancellation of more than 1,000 flights. After two years during which the global COVID-19 pandemic held back wage increases in the aviation sector and inflation now hovering around 8%, the deal announced late on Wednesday will mean wage increases in real terms, Verdi said.
Germany's Lufthansa said on Thursday it expected demand for short-haul flights in Europe to drive growth at its passenger airlines this year, forecasting a return to group operating profit for the full year, pushing its shares higher. Travellers have returned to the skies following COVID-19 pandemic-related travel restrictions in 2020 and 2021, helping airlines, such as Lufthansa, Air France-KLM and British Airways-owner IAG to return to profit this summer. Lufthansa said bookings for August to December were now at an average of 83% of the pre-pandemic level, and it hoped that business travel bookings would reach 70% in the fourth quarter.