|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.25 - 6.25|
|52-week range||5.95 - 12.21|
|Beta (5Y monthly)||1.55|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2019|
|1y target est||N/A|
Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages and booming demand amid the lifting of COVID-19 restrictions forced it to cancel some flights, Die Welt newspaper reported on Saturday. "Unfortunately, a short-term improvement now in the summer is hardly realistic," Lufthansa board member Detlef Kayser told Die Welt, adding the problem is global rather than exclusive to Germany and the only way out is to reduce the number of flights. Lufthansa has announced plans to scrap around 3,000 flights, or some 15% of its capacity, at its hubs in Frankfurt and Munich this summer.
BERLIN (Reuters) -German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) per month more over 12 months, for Lufthansa ground staff to cushion the effects of soaring inflation, it said on Wednesday. The union, which also wants the minimum hourly wage increased to at least 13 euros from below 12 euros, negotiates for 20,000 staff at Lufthansa units including check-in, flight dispatch, logistics services and cargo. The pay increase was important to keep employees and to attract new staff, she said.
Hundreds of passengers have reportedly been waiting up to three hours to retrieve their baggage.