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Deutsche Lufthansa AG Add to portfolio

DAXX:LHA, Nov 22, 07:08 UTC

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Wednesday, November 20


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Strikes at Lufthansa units possible despite arbitration: union

LHA

(Reuters) - Strikes at Lufthansa (LHAG.DE) units Eurowings, Germanwings Cityline and Sunexpress remain possible despite arbitration talks at the German carrier, a spokesman for trade union UFO said on Wednesday. "Small scale arbitration talks continue. But there is no chance that these will pacify the situation," an UFO spokesman said. A Lufthansa spokesman said that after UFO decided strikes could still take place, Lufthansa's subsidiaries group management would pull out of a wider arbitration process, only offering talks about a limited number of topics. Last week, Lufthansa and UFO agreed to enter large-scale arbitration talks over pay and pensions, averting further strikes.[nL8N27S6RB].

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Thursday, November 14


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Flights to Croatia: Eurowings Discontinues Two Routes from Germany to Zagreb

LHA AIR

Ex Yu Aviation reports that low-cost carrier Eurowings will discontinue services from Berlin and Dusseldorf to Zagreb at the end of March next year, namely on March 28, 2020. In the past, Eurowings has complained about Zagreb Airport's significantly high airport fees, which is tough for low-cost carriers. Next summer, Eurowings will operate six weekly flights from Cologne to Zagreb, five weekly flights from Stuttgart to Zagreb, and eight from Hamburg, with flights running once a week between July 8 and August 26. Ryanair started operating flights between Poland and Zadar only this year when the Krakow-Zadar and Poznan-Zadar routes were introduced twice a week, which will continue in 2020.

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Sunday, November 10


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Berenberg Bank Analysts Give Deutsche Lufthansa (ETR:LHA) a €15.50 Price Target – TechNewsObserver

LHA

Finally, Kepler Capital Markets set a €16.30 ($18.95) price target on shares of Deutsche Lufthansa and gave the stock a buy rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Deutsche Lufthansa presently has an average rating of Hold and an average target price of €17.26 ($20.07). Deutsche Lufthansa has a 12 month low of €12.58 ($14.63) and a 12 month high of €23.66 ($27.51).

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Friday, November 08


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Strike forces Lufthansa to cancel 1,500 flights - KXLY

LHA

(CNN) - Lufthansa says it hopes to resume a normal flight schedule on Saturday after two days of strikes forced it to cancel 1,500 flights, disrupting the travel plans of 200,000 customers. Germany's largest airline said in a statement Friday that flight operations will resume "as far as possible" on Saturday, but that there could still be cancellations or delays. A strike by flight attendants on Thursday and Friday was worse than anticipated, affecting 200 more flights and 20,000 more passengers than Lufthansa had initially predicted. The airline was forced to operate a "special flight plan" during the strike, with only 4,500 of the 6,000 planned flights taking off.

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More Efficient Freighters To Help Lufthansa After Soft Q3 Earnings

LHA

Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines and Lufthansa Cargo, which also announced plans Thursday to purchase two more Boeing 777 freighters. Lufthansa achieved a net profit of 1.15 billion euros ($1.27 billion), a 4% increase, but adjusted earnings before interest and taxes of 1.31 billion euros, an 8% decline of 100 million euros from the third quarter of 2018, according to its Nov. 7 financial statement. It said it spent 171 million euros more for fuel in the quarter this year, primarily due to currency movements. The company said its North Atlantic routes boosted its performance and that unit costs were substantially reduced, particularly at network airlines Lufthansa, SWISS and Austrian.

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Thursday, November 07


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Lufthansa plans more cost cutting as cabin crew strike over pay - CNA

LHA

BERLIN: 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. Its shares, which have fallen 16per cent in the last year, were up 6.6per cent at 1515 GMT, making them the biggest gainer on the German blue-chip index and putting them on track for their best day in a year. One day of strike action would cost the company an estimated 10 million to 20 million euros, finance chief Ulrik Svensson said. Even rumors of a walkout would deter customers, he added. Lufthansa said it would seek additional annual cost savings at Austrian Airlines of 90 million euros by the end of 2021 that would include staff cuts, closing decentralized bases to focus on its Vienna hub and standardizing its fleet.

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Lufthansa only interested in 'restructured' Alitalia: CEO

LHA

BERLIN (Reuters) - German airline Lufthansa <LHAG.DE> 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. "We are interested to look at a restructured new Alitalia, if it makes sense to us and our shareholders, our staff and our customers due to the importance of the Italian market." On Wednesday, Alitalia's administrators said they had no preferred option between Delta Air Lines <DAL.N> and Lufthansa, the two groups talking with rail operator Ferrovie dello Stato about a rescue for the Italian carrier. Last week, sources close to the matter said Lufthansa is ready to invest up to 200 million euros ($221.72 million) in Alitalia, while Delta has said it is prepared to put 100 million euros in the Italian airline.

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Lufthansa cancels 700 flights on first day of cabin crew walkout

LHA

Lufthansa cancels 700 flights on first day of cabin crew walkout. (Reuters) - Lufthansa (LHAG.DE) flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. Lufthansa on Wednesday announced it expected to cancel a total of 1,300 connections on Thursday and Friday, with 180,000 passengers affected. A Lufthansa spokesman confirmed about 400 flights would be cancelled in Frankfurt alone on Thursday, with an additional 250 in Munich and some more at smaller airports, bringing the total number to 700 on Thursday.

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Lufthansa says Eurowings to be back in the black by 2021

LHA

Lufthansa says Eurowings to be back in the black by 2021. (Reuters) - German airline Lufthansa (LHAG.DE) said its Eurowings budget carrier should be back to profitability by 2021 as it reported better-than-expected third-quarter results, helped by cost cuts. Lufthansa said quarterly adjusted earnings before interest and taxation (EBIT) fell 8% to 1.3 billion euros ($1.44 billion), ahead of average analyst forecasts for 1.2 billion, while revenues rose 2% to 10.2 billion, also ahead of consensus. Lufthansa has reacted to tough competition from Ryanair (RYA.I) and easyJet (EZJ.L) by cutting costs and announcing a turnaround plan in June for Eurowings, which it said on Thursday would reduce its capacity in the winter timetable.

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Lufthansa to cut more costs, as cabin crew strike over pay

LHA

BERLIN (Reuters) - German airline Lufthansa (LHAG.DE) announced plans on Thursday to cut costs at its Austrian Airlines, Brussels Airlines and Lufthansa Cargo businesses to revive profits but faces a fresh challenge to its efforts with a cabin crew strike this week. Lufthansa has reacted to competition from Ryanair (RYA.I) and easyJet (EZJ.L) by cutting costs and announcing a turnaround plan in June for Eurowings, which it said on Thursday was paying off as it reported better-than-expected quarterly figures. Its shares, which have fallen 16% in the last year, were up 8.4% at 1144 GMT, making them the biggest gainer on the German blue-chip index .GDAXI as signs emerged of new efforts to resolve the dispute with trade unions. Lufthansa said quarterly adjusted earnings before interest and taxation (EBIT) fell 8% to 1.3 billion euros, ahead of average analyst forecasts for 1.2 billion euros, while revenues rose 2% to 10.2 billion euros, also ahead of consensus.

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