|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.70 - 6.70|
|52-week range||5.57 - 10.85|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2019|
|1y target est||N/A|
The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told newspapers in the Funke Media group. "Nevertheless, this summer we are dealing with a level of sick leave that is not easy to offset," said Foerster, adding the situation remained challenging. Most flight cancellations are affecting domestic routes where there are alternatives, she said.
FRANKFURT (Reuters) -Ground staff of Germany's Lufthansa and management have reached a pay deal after a third round of negotiations, averting further walkouts during the busy summer travel season, labour union Verdi and the carrier said late on Thursday. The pay dispute at Lufthansa resulted in a strike last week that caused the cancellation of more than 1,000 flights. After two years during which the global COVID-19 pandemic held back wage increases in the aviation sector and inflation now hovering around 8%, the deal announced late on Wednesday will mean wage increases in real terms, Verdi said.
Germany’s Lufthansa has predicted that demand from wealthy passengers will bring “substantially higher” profits despite widespread travel chaos and disputes with unions. “We see a nice ramp-up coming for the third and the fourth quarter,” said chief executive Carsten Spohr, adding that the airline could carry 80 per cent of its pre-pandemic passenger numbers next year, even as economic data increasingly point to a global recession. The airline’s wealthier customers “are willing to spend money on vacations, on hotels, on rental cars, on expensive restaurants and [are] also willing to spend more money for personal space and travelling”, he added, citing data from Lufthansa subsidiary Swiss.