With flight operations growing again, costs are increasing.
(Photo: dpa)
Frankfurt The caterer LSG has been sold, the entry into the Italian ITA will soon be available, new staff will be hired at record speed – after several years of almost standstill due to the pandemic, Europe’s largest airline group is back. As expected, Lufthansa was in the red in the first quarter of the current year. But the operating result improved from minus 577 million to minus 273 million euros.
Investors appreciate that. At almost ten euros, the Lufthansa share is worth almost as much as it was before the crisis – despite the dilution caused by the state’s entry in mid-2020, which has since ended. The papers of the two arch-rivals IAG (British Airways, Iberia, Vueling and Aer Lingus) as well Air France-KLM are still trading well below pre-crisis levels. Lufthansa is now valued at around eleven billion euros on the stock exchange. That’s almost as much as IAG and Air France-KLM are worth together.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further