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Deutsche Lufthansa AG (DLAKY)
| Previous close | 10.95 |
| Open | 10.11 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 10.10 - 10.75 |
| 52-week range | 8.27 - 15.56 |
| Volume | 69,770 |
| Avg. volume | 52,912 |
| Market cap | 12.29B |
| Beta (5Y monthly) | 1.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -9.53 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 18 Oct 2021 |
| 1y target est | 6.20 |
- Reuters
Lufthansa repays 1.5 billion euros of state aid after cash call
Deutsche Lufthansa said on Monday it had wrapped up a 2.16 billion euro ($2.5 billion) capital increase and used the proceeds to repay 1.5 billion euros in state aid as it banks on a rebound in air travel. The German airline paid back the first of two tranches of hybrid capital, dubbed silent participation, it received as part of a 2020 bailout, it said. The company added it also intends to fully repay the second tranche, worth 1 billion euros, before the end of this year.
- Yahoo Finance UK
What are share repurchases?
A share repurchase, or share buyback, is when a company rebuys its own shares and returns money to its investors.
- Reuters
Lufthansa gets strong investor backing for 2.1 billion euro cash call
LONDON/FRANKFURT (Reuters) -German airline Lufthansa received strong investor backing for a 2.14 billion euro ($2.47 billion) rights issue, providing some encouragement for travel companies looking to weather the after effects of the COVID-19 crisis. The company said on Wednesday that its rights issue was 98.36% subscribed by investors, and the remainder was quickly sold in the open market soon after. The cash will be used to repay a chunk of the 9 billion euro ($10.4 billion) government bailout it received last year to stay afloat throughout the COVID pandemic, which resulted in the Economic Stabilisation Fund (ESF) taking a 15% stake in the group.
