DEUTSCHE LUFTHANSA AG

(LHA)
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Delayed Xetra  -  11:35 2022-07-01 am EDT
5.566 EUR   +0.04%
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German union Verdi cancels pay deal for Lufthansa ground staff

05/11/2022 | 09:29am EDT
Illustration shows Lufthansa logo

FRANKFURT (Reuters) - German trade union Verdi said on Wednesday it had terminated the collective pay agreement for ground staff at the country's flag carrier Lufthansa from June 30, citing high energy prices and an overall increase in costs of living.

"After two years of crisis contributions by employees and the persistently high inflation rate, there is a great need to catch up," Verdi Vice Chair Christine Behle said in a statement.

In the coming weeks, the companies of the Lufthansa Group will discuss the demands for the upcoming round of collective pay agreements, Verdi said.

(Reporting by Zuzanna Szymanska, editing by Kirsti Knolle)


© Reuters 2022
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Analyst Recommendations on DEUTSCHE LUFTHANSA AG
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Financials
Sales 2022 29 131 M 30 301 M 30 301 M
Net income 2022 143 M 149 M 149 M
Net Debt 2022 10 278 M 10 690 M 10 690 M
P/E ratio 2022 80,8x
Yield 2022 -
Capitalization 6 654 M 6 921 M 6 921 M
EV / Sales 2022 0,58x
EV / Sales 2023 0,48x
Nbr of Employees 104 034
Free-Float 74,3%
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 5,57 €
Average target price 7,03 €
Spread / Average Target 26,3%
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Managers and Directors
Carsten Spohr Member-Management Board
Remco J. Steenbergen Chief Financial Officer
Karl-Ludwig Kley Head-Finance Division
Roland Schütze Chief Information Officer
Ola Hansson Chief Operating Officer
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