|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.15 - 7.15|
|52-week range||6.00 - 13.66|
|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|
German leisure airline Condor may return to profitability from next year and aims to boost its fleet capacity as people rush to book long-awaited holidays after the lifting of COVID-19 restrictions. The carrier's announcement adds to the positive news coming from the travel sector, including strong sales at holiday Group TUI, Germany's flag carrier Lufthansa and airport operator Fraport. "I expect Condor to grow - if I have my way, quite significantly," Chief Executive Ralf Teckentrup, who plans to retire at the end of 2023, told Reuters in an interview.
Star Alliance, one of the world's three major airline groups, will soon announce an alliance co-branded credit card and introduce a European non-air transport partner in industry-first moves, its chief executive said on Thursday. The alliance, which includes United Airlines, Lufthansa and Singapore Airlines among its 26 member carriers, will launch the credit card in a single market that will be named at a later date, CEO Jeffrey Goh told reporters. Star Alliance will also soon offer joint procurement of sustainable aviation fuel (SAF) at one of its major hubs, he added.
German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the COVID-19 pandemic weighed on its results in late 2020 and throughout 2021. The reason is that Lufthansa completed most of its planned restructuring measures in 2021 and booked the related costs in its statement for that year, the group said in a written answer to a question as part of its virtual annual general meeting. Lufthansa is prepared to carry out the transaction even at short notice, the carrier said.