Previous close | 5.74 |
Open | 5.81 |
Bid | 5.86 x N/A |
Ask | 5.86 x N/A |
Day's range | 5.76 - 5.86 |
52-week range | 5.76 - 5.86 |
Volume | |
Avg. volume | N/A |
Market cap | N/A |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Lufthansa on Wednesday won EU antitrust approval to buy 41% of Italy's ITA Airways for 325 million euros ($350 million) after ceding routes and slots in a deal that will boost its presence in the lucrative southern European market. The deal is one of three high-profile airline transactions in Europe, underscoring airlines' bid to boost scale to offset rising operating costs. ITA offers the German carrier more access to southern Europe, as well as to key long-haul routes.
Speaking at the business press club in Stuttgart late Thursday, Spohr said the aircraft shortage could be costing Lufthansa some 500 million euros ($535.00 million) a year, although he did not provide an exact figure. Lufthansa has ordered 250 new aircraft from Airbus and Boeing to modernize its fleet, with deliveries scheduled between 2024 and 2029. However, "no plane arrives on time," said Spohr, adding that around 100 of Lufthansa's 750 aircraft were grounded either for maintenance reasons or because they had been decommissioned.
(Reuters) -Lufthansa will add an environmental charge of up to 72 euros ($77) to its fares, the airline group said on Tuesday, joining at least one European rival in doing so as the industry battles to cover the cost of new EU rules on reducing emissions. Fares will go up between 1 euro and 72 euros, depending on the type of ticket, on all flights departing from European Union countries, Britain, Norway and Switzerland, the German airline group said. It said the charge would "cover part of the steadily rising additional costs due to regulatory environmental requirements" such as sustainable aviation fuel (SAF) made from bio-based materials - regarded as crucial to making flying less polluting.