LHAB.BE - LUFTHANSA AG DM 5 ADR 1

Berlin - Berlin Delayed price. Currency in EUR
17.10
0.00 (0.00%)
As of 1:30PM CET. Market open.
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Previous close17.10
Open17.10
Bid17.10 x 0
Ask17.50 x 0
Day's range17.10 - 17.10
52-week range12.30 - 23.60
Volume560
Avg. volume45
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est27.00
  • Union threatens strikes unless Lufthansa makes concessions in wage dispute
    Reuters

    Union threatens strikes unless Lufthansa makes concessions in wage dispute

    FRANKFURT/BERLIN (Reuters) - A trade union representing Lufthansa's cabin-crew on Wednesday threatened strikes that could fall during the busy Christmas period if Germany's biggest airline does not make concessions in a wage dispute. Trade union UFO said that if no progress was made during talks, it would announce next Thursday when and where strikes would take place and for how long they would last. A Lufthansa spokesman said the airline would use the time to try to come to an agreement with UFO, adding that a solution could only be found in joint discussions and arbitration.

  • Lufthansa agrees to arbitration with cabin crew, averting strikes
    Reuters

    Lufthansa agrees to arbitration with cabin crew, averting strikes

    Lufthansa has agreed with its cabin crew labour union to enter arbitration over a wage dispute, the German airline and the union said on Tuesday, averting further strikes. Cabin crew held a strike over pay and pensions for two days last week, resulting in the cancellation of one in five flights, affecting around 180,000 passengers and costing the airline 10-20 million euros ($11-$22 million). The UFO labour union is obligated to "maintain industrial peace," Lufthansa said in a statement.

  • Lufthansa Jumps as Eurowings Profit Boost Erases Strike Concerns
    Bloomberg

    Lufthansa Jumps as Eurowings Profit Boost Erases Strike Concerns

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Lufthansa AG said an improved performance at its no-frills Eurowings arm helped stem profit declines as a two-day strike underscores the challenge facing the airline in cutting costs.Shares of Europe’s biggest airline rose the most in three years as Eurowings staged a comeback amid fierce price competition with rival discount carriers. While a drop in fares forced Lufthansa’s third-quarter earnings down 8% to 1.3 billion euros ($1.44 billion), the result was ahead of analyst estimates.Lufthansa said it expects capacity to shrink 1% on short-haul routes in its home markets this winter, comments that Sanford C. Bernstein analyst Daniel Roeska said may point to a better operating environment over the next six months. A glut of seats in the past few years has pushed down fares and undermined margins at European carriers despite efforts to boost efficiency.The cabin-crew strike highlights the challenge still facing Lufthansa as it seeks to secure deeper cost costs. The walkout, which began at midnight, has led to the cancellation of 1,300 flights and could push earnings toward the lower end of a targeted range, Chief Financial Officer Ulrik Svensson said on a call, adding that such action can cost up to 20 million euros per day.A spokesman for the UFO union said later Thursday the group would meet with Lufthansa for talks on Saturday before reviewing whether to expand the strikes.AlitaliaChief Executive Officer Carsten Spohr said Lufthansa would be interested in bankrupt Italian carrier Alitalia SpA only once it has been restructured. He declined to comment on whether his company would be willing to invest cash to oust Delta Air Lines Inc. from a rescue package.Lufthansa shares gained 9.7%, the biggest advance since October 2016, before trading 6.7% higher at 17.24 euros as of 2:54 p.m. in Frankfurt.Spohr said the performance of Eurowings, which turned profitable after posting losses in the previous three quarters, indicates “turnaround measures are showing first results.” The unit has reduced winter capacity this winter, helping to buoy yields despite the fare war.(Updates with detail in fifth paragraph on UFO agreeing to talks)To contact the reporter on this story: William Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 1-Lufthansa ready for arbitration as cabin crew strike begins

    Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany's largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers. An end to the row over pay and pensions, and the legal status of flight attendants' union UFO would relieve the company of a major headache. Lufthansa faces intense competition from Ryanair and easyJet and has reacted by cutting costs and announcing a turnaround plan for its budget unit Eurowings, which it said on Thursday was paying off as it reported better-than-expected quarterly figures.

  • Lufthansa only interested in 'restructured' Alitalia - CEO
    Reuters

    Lufthansa only interested in 'restructured' Alitalia - CEO

    German airline Lufthansa is only interested in investing in struggling Italian airline Alitalia, which is running out of cash and racing to find new funds, once it has been restructured, its chief executive said on Thursday. "The technical restructuring of taking elements out, people out needs to be done by the current ownership before we can see ourselves getting involved here," Carsten Spohr told analysts after Lufthansa reported third quarter results. On Wednesday, Alitalia's administrators said they had no preferred option between Delta Air Lines and Lufthansa, the two groups talking with rail operator Ferrovie dello Stato about a rescue for the Italian carrier.

  • Lufthansa only interested in 'restructured' Alitalia: CEO
    Reuters

    Lufthansa only interested in 'restructured' Alitalia: CEO

    German airline Lufthansa is only interested in investing in struggling Italian airline Alitalia [CAITLA.UL], which is running out of cash and racing to find new funds, once it has been restructured, its chief executive said on Thursday. "The technical restructuring of taking elements out, people out needs to be done by the current ownership before we can see ourselves getting involved here," Carsten Spohr told analysts after Lufthansa reported third quarter results. On Wednesday, Alitalia's administrators said they had no preferred option between Delta Air Lines and Lufthansa, the two groups talking with rail operator Ferrovie dello Stato about a rescue for the Italian carrier.

  • Reuters - UK Focus

    UPDATE 2-Trade optimism, upbeat earnings send European shares to 4-year peak

    European shares rose for a fifth straight session on Thursday to hit fresh four year highs as investors cheered signs of progress in U.S.-China trade talks and largely positive earnings reports from a host of companies. Shares of Siemens hit their highest in more than a year after the German industrial company beat fourth-quarter profit expectations, while Italy's biggest bank UniCredit rose 6% after announcing its first share buyback in more than a decade after solid third-quarter earnings. Lufthansa jumped 6.8% on plans to cut costs at some of its units to revive profit.

  • Lufthansa ready for arbitration as cabin crew strike begins
    Reuters

    Lufthansa ready for arbitration as cabin crew strike begins

    Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany's largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers. An end to the row over pay and pensions, and the legal status of flight attendants' union UFO would relieve the company of a major headache. Lufthansa faces intense competition from Ryanair and easyJet and has reacted by cutting costs and announcing a turnaround plan for its budget unit Eurowings, which it said on Thursday was paying off as it reported better-than-expected quarterly figures.

  • Lufthansa plans more cost cutting as cabin crew strike over pay
    Reuters

    Lufthansa plans more cost cutting as cabin crew strike over pay

    Lufthansa announced plans on Thursday for more cost cuts and delivered better-than-expected results, sending shares higher even as a cabin crew strike posed a further challenge to the German airline's efforts to revive profits. Lufthansa has reacted to competition from Ryanair and easyJet by cutting costs and announcing a turnaround plan in June for its own budget airline Eurowings, which it said on Thursday was paying off as third-quarter figures beat forecasts. The next round of cuts will target its Austrian Airlines, Brussels Airlines and Lufthansa Cargo businesses, it said.

  • Alitalia administrators neutral on Delta, Lufthansa offers
    Reuters

    Alitalia administrators neutral on Delta, Lufthansa offers

    Alitalia's administrators said they had no preferred option between Delta Air Lines and Lufthansa , the two groups talking with rail operator Ferrovie dello Stato about a rescue for the troubled Italian carrier. Ferrovie, which is leading a state-orchestrated effort to rescue Alitalia, will have to choose between the two foreign carriers in the next weeks as the financial performance of Alitalia was deteriorating, the administrators said. "We do not have any preference about the industrial partner for Alitalia, we are unbiased," Daniele Discepolo, one of the three administrators in charge of the airline told a parliamentary hearing.

  • Lufthansa crew strike set to go ahead on Thursday after court ruling
    Reuters

    Lufthansa crew strike set to go ahead on Thursday after court ruling

    A two-day strike by Lufthansa cabin crew was set to begin on Thursday after a German court ruled late on Wednesday against management's efforts to stop it. The strike over pay and pensions, due to last through Friday, will result in the cancellation of 1,300 flights and affect 180,000 passengers, the German carrier said. The UFO union, representing cabin crew, said it would inform the public on Thursday about a possible expansion of strikes beyond Friday.

  • Lufthansa invites unions for talks ahead of planned strike
    Reuters

    Lufthansa invites unions for talks ahead of planned strike

    Lufthansa said its Chief Executive Carsten Spohr had invited representatives of three unions for talks on a wage dispute that threatens to ground the airline's German fleet for 48 hours from late on Wednesday. Earlier on Tuesday, Lufthansa sought to prevent the strike via legal action. "The situation in the cabins, which threatens to lead to another labor dispute this week is fair neither to our colleagues nor to our customers," Spohr said in the statement.

  • Lufthansa files motion to prevent cabin crew strike: spokeswoman
    Reuters

    Lufthansa files motion to prevent cabin crew strike: spokeswoman

    Lufthansa , Germany's biggest airline, has filed a motion with a Frankfurt court to prevent a flight attendants' strike scheduled for this week, a company spokeswoman said on Tuesday. Cabin crew union UFO has called for a walkout at Lufthansa's German operations on Thursday and Friday. In addition to a dispute over pay and pensions, UFO has also fought with the airline in court for months over the union's legal status.

  • Lufthansa files motion to prevent cabin crew strike - spokeswoman
    Reuters

    Lufthansa files motion to prevent cabin crew strike - spokeswoman

    Lufthansa , Germany's biggest airline, has filed a motion with a Frankfurt court to prevent a flight attendants' strike scheduled for this week, a company spokeswoman said on Tuesday. Cabin crew union UFO has called for a walkout at Lufthansa's German operations on Thursday and Friday. In addition to a dispute over pay and pensions, UFO has also fought with the airline in court for months over the union's legal status.

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