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

DEUTSCHE LUFTHANSA AG

(LHA)
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German official sees Lufthansa bailout in reach, demands fairness

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05/29/2020 | 05:38am EDT
FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Germany

The Berlin government is likely to reach a deal with Brussels on a $10 billion (8.1 billion pounds) government bailout of stricken airline Lufthansa, senior government official Thomas Jarzombek said on Friday, but stressed the German airline needed fair treatment.

"Offers are on the table and we have a long record of finding agreement eventually," Jarzombek, who coordinates aviation on behalf of the cabinet, told broadcaster RTL/ntv in a morning show.

"I am confident that this will also be the case here."

The deal was thrown into doubt on Wednesday after Lufthansa's supervisory board refused to accept the conditions attached by Brussels to the aid.

The board did not agree with EU requirements that Lufthansa permanently give up take-off and landing slots at Frankfurt and Munich airports, where it commands a two-thirds market share.

Jarzombek said Germany would clarify the necessary scope of conditions tied to the deal, comparing these with how Lufthansa rivals such as SAS or KLM/Air France were treated.

(Reporting by Vera Eckert; Editing by Maria Sheahan)

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM -0.07% 4.208 Real-time Quote.-57.57%
DEUTSCHE LUFTHANSA AG 1.45% 9.084 Delayed Quote.-45.44%
SAS AB (PUBL) 0.95% 7.975 Delayed Quote.-48.26%
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Financials
Sales 2020 17 899 M 20 242 M 20 242 M
Net income 2020 -4 711 M -5 328 M -5 328 M
Net Debt 2020 11 121 M 12 577 M 12 577 M
P/E ratio 2020 -0,98x
Yield 2020 0,18%
Capitalization 5 430 M 6 140 M 6 141 M
EV / Sales 2019
EV / Sales 2020 0,92x
Nbr of Employees 136 966
Free-Float 98,9%
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Technical analysis trends DEUTSCHE LUFTHANSA AG
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 21
Average target price 5,83 €
Last Close Price 9,08 €
Spread / Highest target 10,1%
Spread / Average Target -35,8%
Spread / Lowest Target -94,5%
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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