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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Lufthansa AG    LHA   DE0008232125

DEUTSCHE LUFTHANSA AG

(LHA)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 06/05 04:59:01 am
10.915 EUR   +5.92%
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Deutsche Lufthansa : Lufthansa bailout talks hit snag, drag on - Handelsblatt

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05/22/2020 | 08:42am EDT
FILE PHOTO: Lufthansa aircraft parked on tarmac in Germany

Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.

The issue involves a demand from the government that Lufthansa accept delivery of all planes it has ordered from Airbus, putting a significant financial burden on the troubled airline group, Handelsblatt reported, citing unnamed sources.

The planes would cost the ailing carrier more than 5 billion euros ($5.5 billion) in the coming three to four years, which Handelsblatt said would make the airline's recovery practically impossible.

The dispute means there will be a further delay to the rescue package. A meeting of Lufthansa's supervisory board, which was due to discuss the terms on Friday, has been postponed until Monday, the report said.

A German government spokeswoman, when asked about the report, said there was no update on the issue. Lufthansa earlier Friday also declined to comment on the status of talks.

Lufthansa, seeking to weather the coronavirus pandemic and what is expected to be a protracted travel slump, had said on Thursday it was in advanced talks that would see Germany take a 20% stake.

German cabin crew union UFO said on Friday it was "regrettable" that negotiations with the government did not appear to involve provisions to preserve jobs.

"We would really wish that the government, when it provides money to help Lufthansa, would also help the employees," UFO spokesman Nicoley Baublies told Reuters TV.

UFO members were prepared to accept hardship but only if jobs could be preserved, he said.

(Reporting by Reuters TV staff and Thomas Seythal; Additional reporting by Tom Kaeckenhoff; Writing by Vera Eckert and Tom Sims; Editing by Alexander Smith and Maria Sheahan)

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 5.36% 75.9 Real-time Quote.-44.83%
DEUTSCHE LUFTHANSA AG 6.11% 10.945 Delayed Quote.-37.20%
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Financials
Sales 2020 18 930 M 21 522 M 21 522 M
Net income 2020 -4 568 M -5 194 M -5 194 M
Net Debt 2020 11 814 M 13 431 M 13 431 M
P/E ratio 2020 -1,07x
Yield 2020 0,17%
Capitalization 4 928 M 5 582 M 5 602 M
EV / Sales 2019
EV / Sales 2020 0,88x
Nbr of Employees 136 966
Free-Float 98,6%
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Technical analysis trends DEUTSCHE LUFTHANSA AG
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Income Statement Evolution
Consensus
Sell
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Mean consensus UNDERPERFORM
Number of Analysts 19
Average target price 7,16 €
Last Close Price 10,31 €
Spread / Highest target 74,7%
Spread / Average Target -30,5%
Spread / Lowest Target -95,1%
EPS Revisions
Managers
NameTitle
Carsten Spohr Chairman-Executive Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Roland Schütze Chief Information Officer
Martin Koehler Member-Supervisory Board
Christine Behle Deputy Chairman-Supervisory Board
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