Lufthansa, Ryanair & Co.: Lack of staff weighs on shares

Dusseldorf Shares in European airlines such as Lufthansa, Ryanair, Easyjet, British Airways parent company IAG or Wizz Air were considered potential beneficiaries of an end to the corona pandemic. But now new problems are emerging: Numerous flights are canceled because there is a lack of staff in the entire aviation industry.

Concerns about disruptions to air traffic during the holiday season are weighing on airline stocks: Lufthansa stocks lost around three percent on Friday and are among the biggest losers in the MDax small-cap index.

The company is canceling 900 domestic German and European flights at the hubs in Frankfurt and Munich for July alone. This hits flights on Friday, Saturday and Sunday – five percent of the planned capacity on the weekends. Since the end of May, the papers have already lost more than twelve percent in value.