Previous close | 5.79 |
Open | 5.78 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 5.66 - 5.78 |
52-week range | 5.66 - 9.52 |
Volume | |
Avg. volume | 6,995 |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 31 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Lufthansa boosted concessions to soothe competition concerns over long-haul flights to help it win over EU regulators in its bid for a stake in Italy's ITA Airways, three people with direct knowledge of the matter said on Monday. The European Commission, which acts as the EU competition enforcer, has warned that the deal may reduce competition in Italian short-haul and long-haul flights, with the latter seen as the most difficult to resolve. Under Lufthansa's latest concessions, two rivals can take some of ITA's flights and turn them into indirect flights with a stopover in another EU city, and onwards to U.S. destinations including San Francisco and Washington, the people said.
BRUSSELS (Reuters) -Lufthansa is likely to secure EU antitrust approval for its bid to buy a stake in state-owned Italian airline ITA, with regulators leaning towards clearing the deal, three people with direct knowledge of the matter said on Thursday. The European Commission, which acts as the EU competition enforcer, has however yet to make a final decision, they said. German carrier Lufthansa is seeking to buy 41% of Alitalia successor ITA, thereby boosting its market presence in the lucrative Italian and southern Mediterranean market.
Lufthansa is unlikely to offer more remedies to EU antitrust regulators scrutinising its bid for a stake in state-owned Italian carrier ITA despite their concerns about long-haul flights, three people with direct knowledge of the matter said. German airline Lufthansa, which wants to buy 41% of Alitalia successor ITA and has so far submitted three offers of concessions, declined to comment. The most recent proposal last month included an offer not to integrate ITA into its joint venture with United Airlines and Air Canada for two years, other sources had told Reuters.