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Deutsche Lufthansa AG (LHA.SG)
| Previous close | 5.77 |
| Open | 5.78 |
| Bid | 5.99 x 200000 |
| Ask | 6.00 x 200000 |
| Day's range | 5.76 - 6.00 |
| 52-week range | 5.63 - 9.40 |
| Volume | |
| Avg. volume | 99,382 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Associated Press Finance
EU commission approves Lufthansa purchase of long-troubled Italian airline ITA, with conditions
The European Commission on Wednesday approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition in a deal that Italy's finance minister called “historic.” Lufthansa will invest 325 million euros ($350 million) to acquire a 41% stake in ITA, formerly Alitalia, from the Italian government, gaining full control by 2033 with a total investment of 829 million euros. The commission approved the deal after a year-long investigation and with conditions to protect competition, noting that Lufthansa, ITA and its partners, for example, control most routes from Rome and Milan to North America.
- Reuters
Lufthansa gets EU nod for $350 million stake in Italy's ITA
BRUSSELS/FRANKFURT/ROME (Reuters) -Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG's shares and hopes for its takeover of Air Europa. The deal will boost Lufthansa's presence in the lucrative southern European market and is one of three high-profile sector transactions in Europe, underscoring efforts by its airlines to boost scale to offset rising operating costs. Lufthansa CEO Carsten Spohr told a press conference in Rome that ITA's Fiumicino airport hub gave the group better access to Africa and Latin America and that it had much room for growth.
- Reuters
Aircraft delivery delays having 'brutal' impact on Lufthansa, says CEO
Speaking at the business press club in Stuttgart late Thursday, Spohr said the aircraft shortage could be costing Lufthansa some 500 million euros ($535.00 million) a year, although he did not provide an exact figure. Lufthansa has ordered 250 new aircraft from Airbus and Boeing to modernize its fleet, with deliveries scheduled between 2024 and 2029. However, "no plane arrives on time," said Spohr, adding that around 100 of Lufthansa's 750 aircraft were grounded either for maintenance reasons or because they had been decommissioned.
