|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||2.9000 - 2.9000|
|52-week range||2.9000 - 2.9000|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Business air travel is recovering faster than expected and should remain solid through the winter, the chief executive of Germany's Lufthansa said in remarks published on Monday. Meanwhile private travel is seeing an "extension of the summer season" as people catch up on flights they were not able to take immediately after the onset of the pandemic, Lufthansa CEO Carsten Spohr told Austrian newspaper Kleine Zeitung. "In addition, we are seeing a positive trend in business travel, which was still at a low level in the third quarter and is now picking up strongly," Spohr said in an interview.
The move values the warehouse robot technology company at 103.5 billion Norwegian crowns.
Deutsche Lufthansa said on Monday it had wrapped up a 2.16 billion euro ($2.5 billion) capital increase and used the proceeds to repay 1.5 billion euros in state aid as it banks on a rebound in air travel. The German airline paid back the first of two tranches of hybrid capital, dubbed silent participation, it received as part of a 2020 bailout, it said. The company added it also intends to fully repay the second tranche, worth 1 billion euros, before the end of this year.