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Deutsche Lufthansa AG (LHAG.DE)

LHAG.DE on Xetra

9.05EUR
27 Mar 2020
Change (% chg)

€-0.66 (-6.76%)
Prev Close
€9.70
Open
€9.46
Day's High
€9.51
Day's Low
€9.03
Volume
7,970,187
Avg. Vol
8,616,453
52-wk High
€22.70
52-wk Low
€8.02

Latest Key Developments (Source: Significant Developments)

Many European airlines have cash for less than two months' shutdown - IATA
Thursday, 26 Mar 2020 

March 26 (Reuters) - International Air Transport Association - :EUROPEAN AIRLINE PASSENGER REVENUES EXPECTED TO FALL BY $76 BILLION IN 2020 - IATA EUROPE VP SCHVARTZMAN.MANY AIRLINES HAVE CASH FOR LESS THAN TWO MONTHS' SHUTDOWN - IATA EUROPE - IATA EUROPE VP SCHVARTZMAN.  Full Article

Austrian Airlines Extends Halt To Flight Operations Until April 19
Monday, 23 Mar 2020 

March 23 (Reuters) - :AUSTRIAN AIRLINES EXTENDS TEMPORARY HALT TO FLIGHT OPERATIONS UNTIL APRIL 19 DUE TO CORONAVIRUS.  Full Article

No Discussion About IPO Of Lufthansa’s Maintenance Unit - CFO
Thursday, 19 Mar 2020 

March 19 (Reuters) - Lufthansa CFO::NO DISCUSSION AT ALL ABOUT IPO OF LUFTHANSA TECHNIK.NO HUGE AMOUNT OF LOSS THROUGH HEDGING OF OIL PRICE.WE WILL MAKE LOSS THIS YEAR.  Full Article

Deutsche Lufthansa Says Proposes To Suspend Dividend, Decides On Measures To Limit Financial Impact Of Corona Crisis
Saturday, 14 Mar 2020 

March 13 (Reuters) - Deutsche Lufthansa Ag ::DGAP-ADHOC: DEUTSCHE LUFTHANSA AG: THE EXECUTIVE BOARD PROPOSES TO SUSPEND THE DIVIDEND PAYMENT AND DECIDES ON FURTHER MEASURES TO LIMIT THE FINANCIAL IMPACT OF THE CORONA CRISIS.DECIDED TO PROPOSE TO ANNUAL GENERAL MEETING THAT DIVIDEND PAYMENT FOR FINANCIAL YEAR 2019 SHALL BE SUSPENDED.OVER NEXT FEW WEEKS, FLIGHT SCHEDULE MAY BE REDUCED FURTHER BY UP TO 70 PERCENT COMPARED TO ORIGINAL PLAN.DEUTSCHE LUFTHANSA - DESPITE THESE COUNTERMEASURES, GROUP EXPECTS ADJUSTED EBIT IN 2020 TO BE SIGNIFICANTLY BELOW PRIOR-YEAR RESULT.DEUTSCHE LUFTHANSA -REDUCING MATERIAL, PROJECT COSTS, INTENDS TO IMPLEMENT REDUCED WORKING HOURS AND NEGOTIATING POSTPONEMENT OF PLANNED INVESTMENTS.GROUP'S FUNDAMENTAL POLICY OF DISTRIBUTING 20 TO 40 PERCENT OF NET PROFIT REMAINS UNAFFECTED.GROUP HAS RAISED ADDITIONAL FUNDS OF AROUND EUR 600 MILLION IN RECENT WEEKS.GROUP IS CURRENTLY IN PROCESS OF RAISING ADDITIONAL FUNDS.GROUP CLOSED YEAR 2019 WITH AN ADJUSTED EBIT OF EUR 2,026 MILLION.GROUP CLOSED YEAR 2019 WITH ADJUSTED EBIT MARGIN OF 5.6 PERCENT.SPREAD OF CORONAVIRUS IS HAVING A MAJOR IMPACT ON GLOBAL DEMAND FOR AIR TRAVEL.GROUP WILL USE AIRCRAFT FINANCING FOR RAISING ADDITIONAL FUNDS.OVER LAST WEEK, NEW BOOKINGS AT GROUP AIRLINES WERE AROUND 50 PERCENT LOWER, COMPARED TO SAME TIME LAST YEAR.  Full Article

Lufthansa CEO Spohr: At Least Two-Thirds Of Our 800 Planes Will Be Grounded In Coming Days
Friday, 13 Mar 2020 

March 13 (Reuters) - Germany's Lufthansa ::CEO SPOHR SAYS INSTEAD OF 70 DAILY FLIGHTS TO U.S., WE WILL ONLY HAVE 4 TOMORROW.CEO SPOHR SAYS LUFTHANSA BETTER PLACED TO WITHSTAND CORONAVIRUS THAN OTHER AIRLINES.CEO SPOHR SAYS IN NEXT DAYS AT LEAST 2/3RDS OF OUR 800 PLANES WILL BE GROUNDED.CEO SPOHR SAYS WE ARE CONSIDERING TEMPORARILY CLOSING SOME OF OUR FLIGHT OPERATIONS.  Full Article

Lufthansa Applying For Reduced Working Hours For Cabin, Ground Crews
Friday, 13 Mar 2020 

March 13 (Reuters) - Deutsche Lufthansa AG ::APPLYING FOR REDUCED WORKING HOURS FOR CABIN, GROUND CREWS.  Full Article

Lufthansa Is Assessing Impact Of U.S. Travel Ban For Europeans - Tweet
Thursday, 12 Mar 2020 

March 12 (Reuters) - Deutsche Lufthansa AG on Twitter::ASSESSING IMPACT OF RECENT U.S. DEPARTMENT OF HOMELAND SECURITY’S PROCLAMATION’S GUIDELINES ON OPERATIONS TO U.S..  Full Article

Lufthansa Group Airlines Introduce Flexible Rebooking Options
Friday, 6 Mar 2020 

March 6 (Reuters) - LUFTHANSA GROUP::LUFTHANSA GROUP AIRLINES INTRODUCE FLEXIBLE REBOOKING OPTIONS.LUFTHANSA GROUP SAYS NEW TICKETS PURCHASED UNTIL 31 MARCH WILL ALSO HAVE POSSIBILITY TO REBOOK ONCE WITHOUT REBOOKING FEES.LUFTHANSA GROUP SAYS FLIGHTS ALREADY BOOKED WITH DEPARTURE DATE UNTIL 30 APRIL CAN REBOOK ONCE UNTIL 31 DECEMBER.  Full Article

German Cartel Office Says It Approves Merger Of Condor And Poland's Lot
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - German cartel office::GERMAN CARTEL OFFICE SAYS IT APPROVES MERGER OF CONDOR AND POLAND'S LOT.  Full Article

Lufthansa Grounds 13 Aircraft Due To Coronavirus Outbreak
Thursday, 20 Feb 2020 

Feb 20 (Reuters) - Deutsche Lufthansa AG ::WE CURRENTLY HAVE 13 AIRCRAFT GROUNDED OVER CORONAVIRUS EFFECTS.WILL HAVE NOTICEABLE EFFECTS ON BUSINESS.TOO EARLY FOR THOROUGH ANALYSIS OF CORONAVIRUS EFFECTS.  Full Article

Deutsche Lufthansa AG News

UPDATE 1-Lufthansa applies for short-time work for 31,000 employees

BERLIN, March 27 Lufthansa has applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, a spokesman said on Friday, as Germany's flagship carrier has slashed flights due to the coronavirus outbreak.

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