Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

DEUTSCHE LUFTHANSA AG

(LHA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 10/21 01:10:44 pm
7.745 EUR   -5.78%
10:01aGLOBAL MARKETS LIVE: A flurry of earnings reports
09:04aLUFTHANSA AG : DZ Bank keeps a Sell rating
MD
08:21aLUFTHANSA AG : Independant Research reiterates its Sell rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Merkel's party wants higher taxes on domestic flights, party document shows

share with twitter share with LinkedIn share with facebook
09/13/2019 | 07:42am EDT
FILE PHOTO: Weekly German cabinet meeting

BERLIN (Reuters) - Seeking to tackle climate change, Germany's conservatives want to increase taxes on domestic flights and reduce the cost of long-distance train tickets, a party document seen by Reuters on Friday showed.

The German government - made up of Chancellor Angela Merkel's conservatives, their Bavarian sister party CSU and the Social Democrats (SPD) - is expected to present a far-reaching package of climate protection measures on Sept. 20.

The tax for domestic flights is now 7.40 euros (£6.60).

"We want to double this ticket tax for all domestic flights and triple it for short-haul domestic flights under 400 kilometres," said a party document that the board of Merkel's Christian Democrats (CDU) is due to review on Monday.

The document, called "Climate-friendly Germany - using innovations as we head into the future", showed that the party also wants to make long-distance rail travel cheaper by reducing the value-added tax on train tickets.

A spokeswoman for Germany's flagship airline, Lufthansa, said on Friday that air transport faced more international competition than other transport and such national measures could result in traffic shifting to regions where levies are smaller or non-existent.

"Such a high burden for domestic flights disproportionately affects German airlines and deprives them of money for modern airplanes and climate-friendly technologies," the spokeswoman said of the CDU proposal.

She added that domestic flights only accounted for 0.3% of Germany's overall carbon dioxide emissions and it was questionable whether such measures would have any tangible ecological impact.

The document also said a premium worth several thousand euros should be introduced to encourage people to scrap old, inefficient heating systems so that climate targets for buildings can be achieved.

(Additional reporting by Ilona Wissenbach in Frankfurt, writing by Michelle Martin; editing by Paul Carrel, Larry King)

By Markus Wacket


Stocks mentioned in the article
ChangeLast1st jan.
BYD COMPANY LIMITED -0.29% 139.5 End-of-day quote.259.07%
CHANGE INC. 1.26% 8820 End-of-day quote.506.60%
DEUTSCHE LUFTHANSA AG -4.70% 7.834 Delayed Quote.-49.91%
ONE STOP SYSTEMS, INC. 2.17% 2.35 Delayed Quote.13.86%
share with twitter share with LinkedIn share with facebook
All news about DEUTSCHE LUFTHANSA AG
10:01aGLOBAL MARKETS LIVE: A flurry of earnings reports
09:04aLUFTHANSA AG : DZ Bank keeps a Sell rating
MD
08:21aLUFTHANSA AG : Independant Research reiterates its Sell rating
MD
08:11aLUFTHANSA AG : Kepler Cheuvreux reiterates its Sell rating
MD
07:13aLUFTHANSA AG : Deutsche Bank reaffirms its Sell rating
MD
06:12aLUFTHANSA AG : Gets a Sell rating from Morgan Stanley
MD
03:06aLUFTHANSA AG : Bernstein sticks Neutral
MD
10/20LUFTHANSA AG : Goldman Sachs maintains a Sell rating
MD
10/20DEUTSCHE LUFTHANSA : Pandemic-stricken Lufthansa posts 1.26 billion euro third-q..
RE
10/20DEUTSCHE LUFTHANSA : Pandemic-stricken Lufthansa posts 1.26 bln eur Q3 operating..
RE
More news
Financials
Sales 2020 16 487 M 19 573 M 19 573 M
Net income 2020 -5 259 M -6 243 M -6 243 M
Net Debt 2020 12 789 M 15 183 M 15 183 M
P/E ratio 2020 -0,82x
Yield 2020 0,15%
Capitalization 4 913 M 5 812 M 5 833 M
EV / Sales 2020 1,07x
EV / Sales 2021 0,69x
Nbr of Employees 129 356
Free-Float 83,3%
Chart DEUTSCHE LUFTHANSA AG
Duration : Period :
Deutsche Lufthansa AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DEUTSCHE LUFTHANSA AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 22
Average target price 5,63 €
Last Close Price 8,22 €
Spread / Highest target 71,5%
Spread / Average Target -31,6%
Spread / Lowest Target -81,8%
EPS Revisions
Managers
NameTitle
Carsten Spohr Chairman-Executive Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Roland Schütze Chief Information Officer
Christine Behle Deputy Chairman-Supervisory Board
Christina Weber Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE LUFTHANSA AG-49.91%5 812
DELTA AIR LINES, INC.-45.31%20 312
RYANAIR HOLDINGS PLC-15.24%16 505
AIR CHINA LIMITED-33.75%13 557
CHINA SOUTHERN AIRLINES COMPANY LIMITED-16.98%12 036
UNITED CONTINENTAL HOLDINGS, INC.-59.06%10 493