FRANKFURT (dpa-AFX) - The threat of a strike and the restructuring of the Executive Board weighed on Lufthansa shares on Friday. In early trading, the airline's share price fell by 3.5 percent to 7.24 euros. They were thus the second biggest loser in the MDax, directly after the defense contractor Hensoldt. In the meantime, the Lufthansa share price was at its lowest level since the beginning of November.

On the one hand, the airline has to prepare itself for further strikes in the wage dispute with the Ufo union and, on the other hand, the fact that almost the entire management is being replaced is causing uncertainty. Four of the six board members will leave the Group almost simultaneously. Only Group CEO Carsten Spohr and the current Chief Human Resources Officer Michael Niggemann will remain.

One trader emphasized in particular the departure of CFO Remco Steenbergen, which comes as something of a surprise after a contract extension a good year ago. According to JPMorgan analyst Harry Gowers, the news should not go down well. Steenbergen was highly regarded by investors, he emphasized. He had done a good job. The financial strategy is now becoming less clear, according to the expert./tih/jha/