LHA.DE - Deutsche Lufthansa AG
| Previous close | 24.01 |
| Open | 24.11 |
| Bid | 0.00 x 948200 |
| Ask | 0.00 x 1900800 |
| Day's range | 24.06 - 24.52 |
| 52-week range | 16.81 - 31.26 |
| Volume | 2,579,648 |
| Avg. volume | 3,365,159 |
| Market cap | 11.546B |
| Beta | 0.70 |
| PE ratio (TTM) | 4.86 |
| EPS (TTM) | 5.03 |
| Earnings date | 31 Jul 2018 |
| Forward dividend & yield | 0.80 (3.31%) |
| Ex-dividend date | 2018-05-09 |
| 1y target est | N/A |
- Reuters - UK Focus•8 hours ago
Airlines comply with China's request to change description of territories
China's aviation regulator said on Friday 18 out of 44 airlines it contacted have changed how they refer to Chinese territories on their websites by the 30-day deadline it set. The letters were dated April 25 and airlines were given 30 days to comply, indicating a deadline of May 25. 26 airlines have asked for more time to comply due to technical issues, the aviation regulator said in a statement, while some airlines had promised to comply by July 25.
- Reuters•8 hours ago
Airlines comply with China's request to change description of territories
China's aviation regulator said on Friday 18 out of 44 airlines it contacted have changed how they refer to Chinese territories on their websites by the 30-day deadline it set. The letters were dated April 25 and airlines were given 30 days to comply, indicating a deadline of May 25. 26 airlines have asked for more time to comply due to technical issues, the aviation regulator said in a statement, while some airlines had promised to comply by July 25.
- Reuters•2 days ago
Cathay Pacific revamps loyalty programme with focus on customer spending
Hong Kong's Cathay Pacific Airways has made the biggest overhaul to its loyalty programme in a decade, with airfares paid now playing a larger part in determining customer rewards, the head of the business said on Thursday. The move comes as Cathay is looking to increase revenue and cut costs as part of a three-year transformation programme designed to make it more efficient against aggressive competition from mainland Chinese rivals and Middle Eastern carriers. Carriers including American Airlines Group Inc, Germany's Lufthansa Group and Australia's Qantas Airways have already rejigged their loyalty programmes in this manner.
- Reuters - UK Focus•2 days ago
Alitalia nationalisation would be tricky, sale process must go on -minister
Italy should not push to nationalise insolvent airline Alitalia and the government should not drop the sale process that already attracted interest from other carriers, Industry Minister Carlo Calenda ...
- Bitcoin Magazine•3 days ago
Tari Introduces a Blockchain Protocol for Digital Assets Built on Monero
Tari, a new open-source blockchain protocol, aims to redefine the digital asset experience. Backed by institutional investors including Redpoint, Trinity Ventures, Canaan Partners, Pantera and Multicoin Capital, its founders Riccardo “fluffypony” Spagni, lead maintainer of the Monero cryptocurrency; Naveen Jain, a serial entertainment industry entrepreneur; and Dan Teree, co-founder of Ticketfly, hope to simplify the management, trade, programmability and use of all digital assets.Current State of Digital Assets“Today, most digital assets such as event tickets, in-game items, loyalty points and virtual currencies are siloed due to restrictions that limit their use and secondary market trade,” Jain said in an interview with Bitcoin Magazine . Businesses primarily enact these restrictions to control assets after their distribution, verify an asset holder’s identity and prevent fraudulent counterfeiting.Siloed digital assets aren’t ideal for consumers or businesses. Consumers don’t enjoy “true” ownership of the digital assets they purchase or earn because they must comply with secondary market restrictions and regulations, and businesses miss out on billions of dollars generated from the secondary digital asset resales that occur on outside channels. For example, consider a frequent Delta flyer who takes one Lufthansa flight a year and is unable to trade his or her Lufthansa miles (that are unlikely to be redeemed) for Delta miles. Or, the millions of dollars in ticket resale revenues that artists like Beyoncé miss out on after issuing tickets for their world tours. Once Beyoncé sells a $100 ticket to the original buyer, she does not participate in the secondary market resale economics when the original buyer resells his or her ticket for $500, and the secondary market scalper turns around and sells the ticket a third time for $1000 the night before the show.Revamped Digital AssetsBy leveraging blockchain technology, the Tari protocol enables consumers and business to break down walled gardens between businesses, sell and trade scarce digital assets with programmed rules, and record immutable transfer and verification of ownership. The Tari protocol hopes to unlock additional utility for digital asset users and enable “true” digital asset ownership and control. By utilizing the Tari protocol, the aforementioned Delta flyer can perhaps trade his or her Lufthansa miles for Delta miles. And artists like Beyoncé can issue their world tour tickets with programmed rules that allow them to capture and control secondary market value. Beyoncé could hard-code rules such as: tickets can only be resold three times, Beyoncé is entitled to 10 percent of any ticket resale, and tickets are not re-sellable 24 hours before the show.John Pleasants, former CEO of Ticketmaster and COO of Electronic Arts, thinks that the Tari protocol will open up free trade between a variety of industries.“[Tari] can help the entire live entertainment industry recover billions in lost revenue by better controlling how tickets are sold and resold. From a gaming perspective, the ability to buy and sell virtual goods on a distributed system across different platforms can greatly improve both monetization for publishers and the overall consumer experience.”Tari Protocol: Under the HoodAccording to Spagni, the Tari protocol will be built on top of Monero. Specifically, Tari will be a merged-mined sidechain of Monero. Merged-mining allows for two cryptocurrencies to be mined simultaneously based on the same algorithm. In this case, it is Monero’s proof of work algorithm that miners must solve.The Tari token powers the Tari protocol, serves as an incentive for miners to mine Monero and for valiators to accurately validate the network’s rules. “To give miners an incentive to merged-mine your chain, there needs to be a reward. We can’t pay them in Monero, so we need to have a native token that merged-miners receive. Tari tokens will also be used as an incentive for rule validation. Users have the opportunity to put Tari tokens in an escrow account and passively run a program that validates [protocol] rules on their computer. If they behave and validate the rules correctly, they will earn tokens and keep their escrow,” explained Spagni.Merged-Mining with MoneroBecause Tari is merged-mining, the team doesn’t have to recruit new miners. Instead, Monero mining pools can “flip a switch” (tweak their settings) and mine both Monero and Tari simultaneously. Spagni also pointed out that merged-mining with Monero’s proof of work system doesn’t incur additional electricity costs or environmental damage risks traditionally associated with proof of work, since miners aren’t burning more cycles.Spagni also noted that, “All the proof of work chains burn less electricity than Visa. We are getting to a point where a solid proof of work chain can provide the same, if not greater, capabilities of Visa.”Tari CommunityThe Tari team noted that there is no “core team” for Monero. Jain noted, “We don’t want single points of failure. We are co-founders and contributors. But, not the only contributors. There are lots of smart people within and outside the organization. We want far more external contributors than internal contributors. In fact, we want hundreds if not thousands of contributors over time.”For reference, the Monero protocol had around 150 contributors within the last 12 months. Potential IssuesAlthough Tari aims to revamp the way consumers and businesses interact with digital assets, the team has various obstacles to overcome.AdoptionIs it favorable for businesses to allow their assets to trade on a secondary market? And will businesses amend their terms and user agreements to allow secondary market liquidity for their digital assets? For example, airline loyalty points are currently an illiquid market. Wall Street analysts have pointed out that the sale of these loyalty points can equal up to half of an airline’s yearly earnings before interest and taxes, but airlines might want loyalty points to expire unredeemed. That way, airlines can increase revenue, without having to discount travel for customers who don’t take advantage of their loyalty points.Scalability Because the Tari protocol intends to become the underlying protocol for the transfer of digital assets, they will need to handle “many tens of thousands of transactions per second,” according to Jain. The team plans to use lightning as the primary throughput mechanic for Tari. Spagni explained, “We’re building a standards compliant lightning router, that will be compatible with Bitcoin, Monero and Tari. We will also achieve additional throughput by building a MimbleWimble chain. This way, transactions won’t be stored on the blockchain in their entirety, just kernels.”The Tari protocol has yet to deploy a test network boasting any transaction capabilities, not to mention Visa-level performance. Disclosure: The author has an investment in Tari. This article originally appeared on Bitcoin Magazine.
Reuters•3 days agoLufthansa to offer Economy 'Light' fare on North American routes
Lufthansa (LHAG.DE) will introduce an Economy "Light" fare on transatlantic routes this summer, the German airlines group said on Tuesday, following a similar move by rival British Airways in an effort to compete with low-cost carriers. The new cheaper fare, which Lufthansa has been testing on some routes between Scandinavia and North America since October, allows passengers on airlines Lufthansa, SWISS, Brussels Airlines and Austrian Airlines to bring only carry-on luggage on their trip, it said.
- Reuters•3 days ago
Lufthansa to offer Economy 'Light' fare on North American routes
Lufthansa (LHAG.DE) will introduce an Economy "Light" fare on transatlantic routes this summer, the German airlines group said on Tuesday, following a similar move by rival British Airways in an effort to compete with low-cost carriers. The new cheaper fare, which Lufthansa has been testing on some routes between Scandinavia and North America since October, allows passengers on airlines Lufthansa, SWISS, Brussels Airlines and Austrian Airlines to bring only carry-on luggage on their trip, it said.
- Reuters - UK Focus•3 days ago
Lufthansa to offer Economy 'Light' fare on North American routes
Lufthansa (Xetra: LHAB.DE - news) will introduce an Economy "Light" fare on transatlantic routes this summer, the German airlines group said on Tuesday, following a similar move by rival British Airways in an effort to compete with low-cost carriers. The new cheaper fare, which Lufthansa has been testing on some routes between Scandinavia and North America since October, allows passengers on airlines Lufthansa, SWISS, Brussels Airlines and Austrian Airlines to bring only carry-on luggage on their trip, it said. Lufthansa did not say how much the tickets would cost.
- MarketWatch•4 days ago
Will meditation make us hate flying less? The wackiest new in-flight perks
Airlines want to help passengers survive long flights with meditation exercises. Australian airline Qantas (QAN.F) is adding 10-minute meditation sessions to its flights, the company announced this month. Today, when most people board an airline flight, they expect access to a shared movie and maybe reliable Wi-Fi — but how about a blood-pressure checkup or a live theater performance?
- Reuters - UK Focus•8 days ago
Ryanair COO says pilot staffing situation has stabilised
Ryanair said its issues with pilot staffing have stabilised, with would-be Ryanair pilots queueing up to join after the company decided to recognise unions and offer direct contracts. Along with direct employment contracts for new joiners, plus agreements to recognise unions in some countries, Ryanair has also dropped the cost of some training, known as a type rating, ordered more simulators and has 100 new training pilots. "After Christmas, we will have the capacity to train the pilots right up to a fleet of 550 aircraft.
- Reuters - UK Focus•8 days ago
Italy's 5-Star, League plan to halt Alitalia sale
The anti-establishment 5-Star Movement and the far-right League plan to halt the sale of Italy's insolvent national airline Alitalia (Stuttgart: 2278962.SG - news) , which has already received three offers, the League's economics chief Claudio Borghi said on Thursday. A draft obtained by Reuters of the two parties' joint programme -- intended to be the basis of a coalition government -- said Alitalia needs to be "relaunched" and that Italy must maintain a "competitive national carrier".
- Reuters•9 days ago
Frankfurt airport system failure fixed after flights hit
FRANKFURT/BERLIN (Reuters) - Lufthansa (LHAG.DE) and other airlines canceled flights on Wednesday after a system failure hit the operator of Frankfurt airport, Germany's largest hub. Airport operator Fraport (FRAG.DE) said a database system used by airlines to deploy staff went down from around 0100 to 1130 GMT on Wednesday. In total 70 flights of a planned 1,560 were canceled, including 23 cancellations at Frankfurt's main airline, Lufthansa.
- Reuters•9 days ago
Frankfurt airport system failure fixed after flights hit
FRANKFURT/BERLIN (Reuters) - Lufthansa (LHAG.DE) and other airlines cancelled flights on Wednesday after a system failure hit the operator of Frankfurt airport, Germany's largest hub. Airport operator Fraport (FRAG.DE) said a database system used by airlines to deploy staff went down from around 0100 to 1130 GMT on Wednesday. In total 70 flights of a planned 1,560 were cancelled, including 23 cancellations at Frankfurt's main airline, Lufthansa.
- Reuters•10 days ago
New Air France-KLM CEO must avert slow descent in France
PARIS/BERLIN (Reuters) - Air France-KLM's (AIRF.PA) next CEO faces an unenviable task if they want to avoid the fate of Alitalia. The manager needs to deal with union resistance to restructuring at its core Air France brand, keep increasingly frustrated KLM staff onside and battle rising oil prices. The Franco-Dutch airline on Tuesday named Chief Financial Officer Frederic Gagey as interim CEO as part of a transitional team, replacing Jean-Marc Janaillac, who quit earlier this month after he lost a vote on a pay proposal.
Reuters•10 days agoNew Air France-KLM CEO must avert slow descent in France
PARIS/BERLIN (Reuters) - Air France-KLM's (AIRF.PA) next CEO faces an unenviable task if they want to avoid the fate of Alitalia. The manager needs to deal with union resistance to restructuring at its core Air France brand, keep increasingly frustrated KLM staff onside and battle rising oil prices. The Franco-Dutch airline on Tuesday named Chief Financial Officer Frederic Gagey as interim CEO as part of a transitional team, replacing Jean-Marc Janaillac, who quit earlier this month after he lost a vote on a pay proposal.
- Reuters - UK Focus•11 days ago
Eurowings to expand online presence in bid to drive sales
Lufthansa (Xetra: LHAB.DE - news) 's budget airline Eurowings is setting up a separate digital company to drive sales of products beyond tickets to passengers and better compete with online travel agencies such as Expedia (Frankfurt: A1JRLJ - news) and Booking.com. In an internal message to staff, Eurowings said online travel companies and other airlines such as Ryanair and easyJet already run successful online platforms offering new services and products and that it saw a chance to do the same with its 40 million passengers.
- EQS Group•11 days ago
Deutsche Lufthansa AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
Deutsche Lufthansa AG14.05.2018 / 16:56 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Notification of Major Holdings1. Details of issuerDeutsche Lufthansa AGLinnicher Straße 4850933 KölnGermany2. Reason for notificationXAcquisition/disposal of shares with voting rights Acquisition/disposal of instruments Change of breakdown of voting rights Other reason:3. Details of person subject to the notification obligationName:City and country of registered office:Amundi S. ...
Reuters•12 days agoFlights grounded as Brussels Airlines pilots begin strike
Pilots at Lufthansa (LHAG.DE) subsidiary Brussels Airlines staged the first of two planned days of strikes over pay and conditions on Monday, grounding about 75 percent of the Belgian carrier's flights. Brussels Airlines said it regretted the action, which would affect more than 60,000 passengers booked on 557 flights into and out of Brussels on the two days. Pilots want a pay increase, a better work-life balance, improved career prospects and the possibility of earlier retirement.
Reuters•12 days agoFlights grounded as Brussels Airlines pilots begin strike
Pilots at Lufthansa (LHAG.DE) subsidiary Brussels Airlines staged the first of two planned days of strikes over pay and conditions on Monday, grounding about 75 percent of the Belgian carrier's flights. Brussels Airlines said it regretted the action, which would affect more than 60,000 passengers booked on 557 flights into and out of Brussels on the two days. Pilots want a pay increase, a better work-life balance, improved career prospects and the possibility of earlier retirement.
- Reuters•14 days ago
Brussels Airlines pilots to strike next Monday and Wednesday
Pilots of Lufthansa (LHAG.DE) subsidiary Brussels Airlines will strike on May 14 and 16 in a dispute over pay and conditions, the airline said in a statement. The unions of pilots formally notified the airline last week of its intention to strike, potentially from May 11. The airline said it regretted the action, which would affect more than 60,000 passengers booked on 557 flights into and out of Brussels on the two days.
- Reuters•16 days ago
Fraport tackles security queues at Frankfurt airport
Frankfurt airport operator Fraport (FRAG.DE) will add more security lanes to Germany's largest airport to reduce the long queuing times for passengers, which have drawn complaints from main customer Lufthansa (LHAG.DE) and hit retail revenues. "We are working on several measures to improve the situation," Fraport Chief Financial Officer Matthias Zieschang told analysts on Wednesday, adding waiting times at Frankfurt's main terminal had hit 40 minutes at peak times, compared with a target for 10 minutes. Fraport will add an additional 3 security lanes in Terminal 1 shortly by reorganising the existing layout, plus a further 10 lanes for next year by constructing a small building next to Pier A-Plus at a cost of about 10 to 15 million euros (8.7-13 million pounds).
- Reuters•17 days ago
Explainer - Strikes and a departing CEO: Turmoil at Air France-KLM
Franco-Dutch airline Air France-KLM (AIRF.PA) is in turmoil after the CEO said he would resign following the rejection of a pay offer by striking French staff. Jean-Marc Janaillac is the second CEO to depart since 2016 over rows with powerful French unions over cost-cutting efforts. Air France's French unions called on management on Tuesday to resume talks over the pay dispute.
- Reuters•18 days ago
Lufthansa CEO says can't grow as fast as it would like
Germany's Lufthansa Group (LHAG.DE) is not able to grow as fast as it would like to take advantage of growing demand for travel due to tightness in labour and maintenance markets, its chief executive said on Tuesday. "Replacement parts, engines, pilots, infrastructure are all lacking," Carsten Spohr told journalists ahead of the group's annual shareholder meeting. Rivals are also struggling to grow as fast as they want and that means ticket prices will not fall as quickly as they have in the past, Spohr said.
Reuters•18 days agoLufthansa makes $2.5 billion plane order in light of improving results, delivery delays
BERLIN/FRANKFURT (Reuters) - Germany's Lufthansa (LHAG.DE) ordered up to 16 new planes worth 2.1 billion euros (1.84 billion pounds), including up to six Airbus (AIR.PA) A320ceos to make up for delivery shortfalls in a newer version of the jet and four long-haul Boeing (BA.N) 777s. Lufthansa is among airlines hit by delivery delays to the Airbus A320neo, a version of the best-selling plane with new engines, and has partly curtailed growth plans as a result. Lufthansa needs the planes because it is expanding capacity fast this year, mainly through its Eurowings budget brand, as it seeks to fill the gap left by the collapse of local rival Air Berlin.
- Reuters - UK Focus•21 days ago
Air France-KLM CEO to resign after employees reject salary package
Air France-KLM CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay deal, plunging the airline into turmoil amid a wave of strikes at its French brand that has cost the company 300 million euros ($359 million). Janaillac said that more than half of the staff at Air France who cast a ballot voted against the offer of a 7 percent increase over four years. "I take responsibility for the consequences of this vote and will in the coming days tender my resignation to the boards of Air France and Air France-KLM (LSE: 0LN7.L - news) ," Janaillac told a news conference.
