Ankündigung • May 16
Deutsche Lufthansa Ag Appoints Dr. Johannes Teyssen as Chair of the Supervisory Board, Effective May 12, 2026 BP p.l.c. announced that Dr. Johannes Teyssen, a non-executive director of the Company, has been appointed as chair of the supervisory board of Deutsche Lufthansa AG, effective May 12, 2026. Reported Earnings • May 07
First quarter 2026 earnings released: €0.55 loss per share (vs €0.74 loss in 1Q 2025) First quarter 2026 results: €0.55 loss per share (improved from €0.74 loss in 1Q 2025). Revenue: €9.33b (up 15% from 1Q 2025). Net loss: €665.0m (loss narrowed 25% from 1Q 2025). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.26, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 1.7% over the past three years. Ankündigung • Apr 05
Deutsche Lufthansa AG, Annual General Meeting, May 12, 2026 Deutsche Lufthansa AG, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Ankündigung • Apr 04
Deutsche Lufthansa AG announces Annual dividend, payable on May 18, 2026 Deutsche Lufthansa AG announced Annual dividend of EUR 0.3300 per share payable on May 18, 2026, ex-date on May 13, 2026 and record date on May 14, 2026. Declared Dividend • Apr 04
Dividend increased to €0.33 Dividend of €0.33 is 10% higher than last year. Ex-date: 13th May 2026 Payment date: 15th May 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 09
Full year 2025 earnings released: EPS: €1.11 (vs €1.16 in FY 2024) Full year 2025 results: EPS: €1.11 (down from €1.16 in FY 2024). Revenue: €39.7b (up 5.4% from FY 2024). Net income: €1.33b (down 4.0% from FY 2024). Profit margin: 3.4% (down from 3.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: €0.81 (vs €0.93 in 3Q 2024) Third quarter 2025 results: EPS: €0.81 (down from €0.93 in 3Q 2024). Revenue: €11.2b (up 4.3% from 3Q 2024). Net income: €970.0m (down 13% from 3Q 2024). Profit margin: 8.7% (down from 10% in 3Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Aug 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: €0.83 (vs €0.39 in 2Q 2024) Second quarter 2025 results: EPS: €0.83 (up from €0.39 in 2Q 2024). Revenue: €10.3b (up 3.1% from 2Q 2024). Net income: €1.00b (up 113% from 2Q 2024). Profit margin: 9.7% (up from 4.7% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 20
Turkish Airlines Reportedly Explores Air Europa Stake as Bid Deadline Looms Turkish Airlines (Türk Hava Yollari Anonim Ortakligi (IBSE:THYAO)) is exploring making a bid for a minority stake in Air Europa (Air Europa Líneas Aéreas S.A.U.), the latest carrier to express interest in the Spanish airline, according to two sources with knowledge of the deal, with binding bids due in the coming weeks. Interested investors have been asked to submit binding bids by early July, one of the sources and two more said. The sources declined to be identified because the terms are confidential. Turkish Airlines' consideration of a bid is significant as there are few examples of carriers outside Europe buying shares in players in the region. The interest has been reported by Spanish online newspaper El Espanol. The deadline for binding bids has not previously been reported. Air France-KLM SA (ENXTPA:AF) and Lufthansa (Deutsche Lufthansa AG (XTRA:LHA)) are also in talks with Globalia (Globalia Corporación Empresarial, S.A.), the holding company of the family Hidalgo that founded the company, about buying a stake, Reuters reported previously. The airline makes just over a quarter of its revenues from Europe. It has a codeshare agreement with Air Europa. Turkish Airlines did not immediately respond to requests for comment, while its shareholder Turkey's Wealth Fund declined to comment. A representative for Globalia and the Hidalgo family said they did not want to comment on an ongoing operation because of confidentiality issues. Lufthansa declined to comment. An Air France-KLM spokesperson said the airline is interested in reinforcing its longstanding cooperation with Air Europa. Binding bids would mark the next phase of a prolonged sale process as Air Europa seeks to raise cash to repay a government loan granted during the pandemic. A previous plan had aimed for binding bids in May, two of the sources said. The process has faced delays due in part to disagreements between members of the Hidalgo family and concerns from interested airlines on the structure of the deal, according to the two sources and a fourth one said. The interested parties are working with advisers to structure bids in the hope that buying a minority stake of about 20% may put them in a better position to take control of the airline in the future, the two sources added. Some potential suitors have expressed concern over a lack of clarity about how they may be able to do that, according to the fourth person with knowledge of the talks. Upcoming Dividend • Apr 30
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Austrian dividend payers (5.4%). Higher than average of industry peers (3.1%). Buy Or Sell Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock has risen 14% to €6.99. The fair value is estimated to be €8.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Ankündigung • Mar 28
IAG to Consider Selling 20% Stake in Air Europa British Airways-owner International Consolidated Airlines Group S.A. (LSE:IAG) will consider selling its 20% stake in Air Europa (Air Europa Líneas Aéreas S.A.U.) as the Spanish airline's owner continues talks with Air France-KLM SA (ENXTPA:AF) and Deutsche Lufthansa AG (XTRA:LHA) to sell a stake in the company, IAG's Chief Executive Officer told Reuters. The move comes as European airlines have called for further consolidation of the sector, with many focusing on key routes in southern Europe as a target for expansion. "It's something that we are going to decide when (Globalia) take a decision about what they do with the company (Air Europa). We can stay or we can leave," IAG Chief Executive Officer Luis Gallego said on March 27, 2025. IAG scrapped a deal to buy Air Europa last year after it couldn't convince EU competition regulators that its proposed remedies were sufficient. Gallego said IAG was still interested in taking a stake in Portugal's TAP as IAG seeks to pursue a double-hub strategy in Iberia with Madrid and Lisbon as key points. However, elections in Portugal are set to delay TAP's sale, which means the conditions for any deal are still unclear. "If there is continuity with the current government, I think the process is going to be delayed maybe two, three months," Gallego said. "If there is a new government, I think we are going to have a bigger delay." He added that IAG's interest in TAP was contingent on its ability to be able to integrate the airline into its broader group and processes. "What we need to see is not only the stake, but also the freedom that you have to manage the company," he said. Ankündigung • Mar 27
Deutsche Lufthansa AG, Annual General Meeting, May 06, 2025 Deutsche Lufthansa AG, Annual General Meeting, May 06, 2025, at 10:00 W. Europe Standard Time. Buy Or Sell Opportunity • Mar 12
Now 21% undervalued Over the last 90 days, the stock has risen 8.5% to €7.24. The fair value is estimated to be €9.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Reported Earnings • Mar 09
Full year 2024 earnings released: EPS: €1.16 (vs €1.61 in FY 2023) Full year 2024 results: EPS: €1.16 (down from €1.61 in FY 2023). Revenue: €37.6b (up 6.1% from FY 2023). Net income: €1.39b (down 28% from FY 2023). Profit margin: 3.7% (down from 5.4% in FY 2023). Available seat kilometres (ASK): 326.18b (up 8.5% from FY 2023). Passenger load factor: 83.1% (up from 82.9% in FY 2023). Total aircraft: 735 (up by 14 from FY 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 07
Deutsche Lufthansa AG announces Annual dividend, payable on May 09, 2025 Deutsche Lufthansa AG announced Annual dividend of EUR 0.3000 per share payable on May 09, 2025, ex-date on May 07, 2025 and record date on May 08, 2025. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.97, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Airlines industry in Europe. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.30 per share. Buy Or Sell Opportunity • Jan 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to €5.93. The fair value is estimated to be €7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings are also forecast to grow by 2.0% per annum over the same time period. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: €0.93 (vs €1.00 in 3Q 2023) Third quarter 2024 results: EPS: €0.93 (down from €1.00 in 3Q 2023). Revenue: €11.3b (up 9.8% from 3Q 2023). Net income: €1.11b (down 6.8% from 3Q 2023). Profit margin: 9.8% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 12
Lufthansa Reportedly to Weigh Investment in Air Baltic Before Initial Public Offering Deutsche Lufthansa AG (XTRA:LHA) is considering taking a stake in Air Baltic Corporation AS ahead of the Latvian state-owned carrier’s proposed initial public offering, according to people familiar with the matter. Talks are at an early stage and no decision about an investment has been made, said the people, asking not to be identified discussing confidential deliberations. Air Baltic’s management has been gearing up for an IPO by the end of 2024, though Chief Executive Officer Martin Gauss has indicated it could also occur in the first half of 2025. Lufthansa declined to comment, as did AirBaltic. Latvia has said it plans to keep at least 25% of AirBaltic after the IPO. Its Ministry of Transport, which is managing the sale, declined to comment. An unidentified strategic investor is in talks with AirBaltic to acquire an initial 10% of the airline’s shares ahead of a public offering, Latvia’s public broadcaster reported on September 08, 2024, without saying where it got the information. Buy Or Sell Opportunity • Aug 15
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to €5.60. The fair value is estimated to be €4.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.3% Last year net profit margin: 5.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: €0.39 (vs €0.73 in 2Q 2023) Second quarter 2024 results: EPS: €0.39 (down from €0.73 in 2Q 2023). Revenue: €10.4b (up 11% from 2Q 2023). Net income: €469.0m (down 46% from 2Q 2023). Profit margin: 4.5% (down from 9.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Ankündigung • Aug 01
SEB Kort Bank AB completed the acquisition of Airplus International GmbH from Deutsche Lufthansa AG (XTRA:LHA). SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for €450 million on June 20, 2023. The consideration will be paid in cash. The transaction includes Lufthansa AirPlus Servicekarten GmbH in Neu-Isenburg as well as all international subsidiaries and branches of AirPlus. AirPlus will continue to be a member of the UATP global payments network after the sale; AirPlus’ employees as well as its many customers will join SEB Kort and SEB. AirPlus’ total revenues amounted to about €231 million in 2022. The transaction is subject to the necessary preparations and required external approvals, primarily from various financial regulators and is expected to close during the first half of 2024. J.P. Morgan and SEB Corporate Finance acted as financial advisors and Freshfields Bruckhaus Deringer as legal advisor to SEB and SEB Kort. Goldman Sachs acted as financial advisor to the Lufthansa Group. Andreas Löhdefink, Cornelia Topf, Patrick Kaffiné, Stefan Mayer, Ocka Stumm, Wolfgang Bosch, Alexander Fritzsche, Jacob von Andreae of Gleiss Lutz acted as legal advisor to Lufthansa Group. Daniel Rosvall, Caroline Krassén from Advokatfirman Vinge KB acted as legal advisors to Seb Kort Bank AB.
SEB Kort Bank AB completed the acquisition of Airplus International GmbH from Deutsche Lufthansa AG (XTRA:LHA) on August 1, 2024. The transaction has received fulfilment of regulatory approvals and closing conditions. Buy Or Sell Opportunity • Jul 17
Now 24% overvalued Over the last 90 days, the stock has fallen 13% to €5.86. The fair value is estimated to be €4.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Ankündigung • May 08
Deutsche Lufthansa AG Announces CFO Changes Deutsche Lufthansa AG announced that Till Streichert has been appointed by the Supervisory Board of the company to the company's Executive Board, and will assume the position of Chief Financial Officer (CFO) with responsibility for the company's Finance Division with effect from September 15, 2024. Till Streichert has been appointed for a three-year term of office which runs to September 14, 2027. The duties of the CFO of Deutsche Lufthansa AG will initially be performed by Executive Board member Michael Niggemann after the departure of Remco Steenbergen on May 7 of this year. Till Streichert will then assume responsibility for the Finance Division, which comprises Controlling Risk Management, Corporate Finance, Corporate Accounting, Investor Relations, Corporate Taxes, Financial Services and Mergers Acquisitions, from mid-September. Till Streichert is presently CFO of the Amadeus IT Group. He has held a range of global executive and financial management positions at a number of companies in his more-than-20-year career. These include T-Mobile in the UK, the Boston Consulting Group, Vodafone Romania and Vodacom South Africa. Till Streichert holds a doctorate in philosophy and a master's degree in political sciences philosophy from Leibniz University Hannover. He also completed the Executive Program at Singularity University in Mountain View, California (USA) in 2018. He is 50 years old. Upcoming Dividend • May 01
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 08 May 2024. Payment date: 13 May 2024. Trailing yield: 4.5%. Lower than top quartile of Austrian dividend payers (5.9%). Higher than average of industry peers (2.2%). Reported Earnings • Apr 30
First quarter 2024 earnings released: €0.61 loss per share (vs €0.35 loss in 1Q 2023) First quarter 2024 results: €0.61 loss per share (further deteriorated from €0.35 loss in 1Q 2023). Revenue: €7.39b (up 5.3% from 1Q 2023). Net loss: €734.0m (loss widened 74% from 1Q 2023). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €1.40 (vs €0.66 in FY 2022) Full year 2023 results: EPS: €1.40 (up from €0.66 in FY 2022). Revenue: €37.9b (up 15% from FY 2022). Net income: €1.92b (up 143% from FY 2022). Profit margin: 5.1% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Ankündigung • Feb 28
Lufthansa Group Appoints Dieter Vranckx as Chief Commercial Officer, Effective 1 July 2024 SWISS CEO Dieter Vranckx has been appointed Chief Commercial Officer of the Lufthansa Group. He will take up his new duties on 1 July 2024. Vranckx will continue to serve SWISS as Deputy Chairman of the SWISS Board of Directors. Dieter Vranckx, CEO of Swiss International Air Lines (SWISS), has been appointed to the Lufthansa Group Executive Board responsible for 'Global Markets and Commercial Steering Hubs'. He will assume his new duties on 1 July 2024. The Lufthansa Group's 'Global Markets Commercial Steering Hubs' division will also be home to 'Customer Experience' and 'Group Brand Management', which have to date been part of the 'Brand Sustainability' division. In addition, after more than three years as SWISS CEO, Dieter Vranckx will in future serve as Deputy Chairman of the SWISS Board of Directors. Dieter Vranckx has been serving in the airline industry since 1998 in various executive capacities. He can already look back on some 20 years with the Lufthansa Group, and has spent over 17 years with SWISS and its predecessor Swissair. Before joining SWISS as its CEO in 2021, Vranckx (who is a Swiss and Belgian dual national) was CEO of sister Lufthansa Group carrier Brussels Airlines. And prior to this he served as Vice President Sales Marketing Lufthansa Group Airlines (Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and Eurowings) for the Asia-Pacific region, based in Singapore. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Ankündigung • Nov 30
Lufthansa Technik to Remain Sole Property of Lufthansa Deutsche Lufthansa AG (XTRA:LHA) is to remain the sole shareholder of its aircraft maintenance business Lufthansa Technik AG after more than a year of deliberations on a possible divestment, the German airline group announced on November 29, 2023. As part of the release of its subsidary's Ambition 2030 growth programme, Lufthansa's executive board said it had decided not to pursue plans to sell a minority stake in Lufthansa Technik. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.69, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Airlines industry in Europe. Total returns to shareholders of 17% over the past three years. New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Share price has been volatile over the past 3 months (4.1% average weekly change). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: €1.00 (vs €0.68 in 3Q 2022) Third quarter 2023 results: EPS: €1.00 (up from €0.68 in 3Q 2022). Revenue: €10.7b (up 6.2% from 3Q 2022). Net income: €1.19b (up 47% from 3Q 2022). Profit margin: 11% (up from 8.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Aug 31
Deutsche Lufthansa Reportedly Explores Sale of its Insurance Brokerage Unit Albatros and Insurance Business Delvag Deutsche Lufthansa AG (XTRA:LHA), the German airline, is looking to sell its insurance brokerage unit Albatros and insurance business Delvag, according to people familiar with the matter. The country’s largest carrier is working with advisers to find a buyer for the two units in a push to streamline operations, the people said, asking not to be identified because the discussions are confidential. Lufthansa has been selling non-core businesses in a bid to raise cash after Covid, as it focuses on consolidating Europe’s aviation market. The company is in the process of selling a minority stake in its maintenance unit and has offloaded the remainder of its catering business to private equity group Aurelius. At the same time, Lufthansa agreed to buy a stake in Italy’s Italia Trasporto Aereo S.P.A. (ITA Airways) in May. The sale of Albatros and Delvag would follow that strategic rationale. A representative for Lufthansa declined to comment. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: €0.73 (vs €0.22 in 2Q 2022) Second quarter 2023 results: EPS: €0.73 (up from €0.22 in 2Q 2022). Revenue: €9.99b (up 18% from 2Q 2022). Net income: €874.0m (up 238% from 2Q 2022). Profit margin: 8.7% (up from 3.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 03
Deutsche Lufthansa AG to Report Q1, 2024 Results on Apr 30, 2024 Deutsche Lufthansa AG announced that they will report Q1, 2024 results on Apr 30, 2024 Ankündigung • Jun 22
SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for €450 million. SEB Kort Bank AB signed an agreement to acquire Lufthansa AirPlus Servicekarten GmbH from Deutsche Lufthansa AG (XTRA:LHA) for €450 million on June 21, 2023. The consideration is paid in cash. AirPlus’ total revenues amounted to about €231 million in 2022. In addition to Lufthansa AirPlus Servicekarten GmbH in Neu-Isenburg, the transaction includes all international subsidiaries and branches of AirPlus. AirPlus’ employees as well as its many customers will join SEB Kort and SEB. The transaction is subject to the relevant external approvals, primarily from various financial regulators and is expected to close during the first half of 2024. J.P. Morgan and SEB Corporate Finance acted as financial advisors and Freshfields Bruckhaus Deringer as legal advisor to SEB and SEB Kort. Goldman Sachs acted as financial advisor to the Lufthansa Group. Ankündigung • May 27
Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire 41% stake in Italia Trasporto Aereo S.P.A. from Ministero dell'Economia e delle Finanze for €330 million. Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire 41% stake in Italia Trasporto Aereo S.P.A. from Ministero dell'Economia e delle Finanze for €330 million on May 25, 2023. The acquisition will be made through capital increase. As part of the agreement, the MEF has also committed to a capital increase of €250 million into ITA. In addition, the MEF and Lufthansa agreed on options to enable a potential acquisition of the remaining shares by Lufthansa at a later date. The purchase price for the remaining shares will be based on the business development of ITA Airways. The contractual finalization of the agreement is expected to be completed shortly. As part of Lufthansa Group, ITA will remain a standalone airline with its own management and a strong brand identity - in line with Lufthansa Group's successful multi-hub, multi-brand and multi-AOC strategy. The deal is subject to approval from EU competition authorities. Jpmorgan Asset Management Europe Sarl (Italy Branch) acted as financial advisor to Italia Trasporto Aereo S.P.A. Ankündigung • May 24
Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire four additional Airbus A350-900s from Deucalion Aviation Limited. Deutsche Lufthansa AG (XTRA:LHA) signed an agreement to acquire four additional Airbus A350-900s from Deucalion Aviation Limited on May 23, 2023. The delivery of aircrafts are expected to take place in this year. Reported Earnings • May 07
First quarter 2023 earnings released: €0.35 loss per share (vs €0.49 loss in 1Q 2022) First quarter 2023 results: €0.35 loss per share (improved from €0.49 loss in 1Q 2022). Revenue: €7.57b (up 41% from 1Q 2022). Net loss: €423.0m (loss narrowed 28% from 1Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 06
Full year 2022 earnings released Full year 2022 results: Net income: €791.0m (up €3.00b from FY 2021). Available seat kilometres (ASK): 259.38b (up 79% from FY 2021). Passenger load factor: 79.8% (up from 61.6% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): €0.13 (up from €0.12 in FY 2021). Total aircraft: 710 (down by 3 from FY 2021). Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Jan 16
Lufthansa Reportedly Seen as Ready to Bid for ITA Airways Stake A bid from Deutsche Lufthansa AG (XTRA:LHA) for Italia Trasporto Aereo S.P.A. (ITA Airways) could come early next week, three sources familiar with the matter said on January 13, 2023, in a crucial step to speeding up the full privatisation of Italy’s state-owned company. The privatisation of ITA, which officially replaced loss-making Alitalia in 2021, has proved a headache for the Italian government which in December passed a decree to initially sell a minority stake in order to facilitate a full divestment. On Jan. 18 potential bidders will not be allowed to access ITA’s financial data anymore, two of the sources said, adding Lufthansa was the only credible potential bidder. A government official said a Lufthansa bid could land even before Jan. 18, signalling the new right-wing administration of Giorgia Meloni was confident of finalising the deal. Lufthansa declined to comment. The government decree allowed bidders to buy stakes through one or more capital increases and stipulated that another airline must end up with a majority stake in ITA after the privatisation process is concluded. One of the sources, who declined to be named, said Lufthansa could initially acquire a 40% stake through a capital increase worth between EUR 300 million and EUR 350 million. The German carrier had initially partnered with shipping group MSC to bid for ITA, but MSC said in November it was no longer interested in the transaction. The previous Italian government of Mario Draghi pledged more than 1 billion euros for ITA and under a deal with the European Union Rome could provide it with an additional 250 million this year. Ankündigung • Nov 19
Lufthansa Reportedly Still Interested in Buying into ITA Airways Deutsche Lufthansa AG (XTRA:LHA) is still interested in buying into state-controlled Italian carrier Italia Trasporto Aereo S.P.A. (ITA Airways), a spokesman said on November 18, 2022, despite reports that its original partner in the mooted deal had pulled out. The spokesman declined to comment on reports that it had entered ITA's so-called data room to review the financial status of the company. Italy in August picked a group led by U.S. private equity fund Certares Management LLC, backed by Air France-KLM SA (ENXTPA:AF) and Delta Air Lines Inc. (NYSE:DAL), for exclusive talks on buying a majority stake in ITA Airways. However, the exclusivity period expired in October with no deal reached, re-opening the door on a rival bid presented by Lufthansa and Italian shipping group MSC for the chance to buy control of Alitalia's successor. Complicating the situation, a senior MSC executive, Pierfrancesco Vago, told investors in Doha last week that MSC was no longer interested in ITA Airways, according to Swiss magazine Travel Inside. MSC did not reply to a request for a comment. Italy's Corriere della Sera reported on November 18, 2022 that the Treasury had given Lufthansa access to ITA's financial data, as Rome looks to sell a majority stake in the company. The newspaper added that MSC did not enter the data room. There was no immediate response to a request for a comment from the Treasury. Certares had no contact with ITA Airways and Italy's Treasury since the end of October, a source close to the matter said. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.68 (vs €0.15 loss in 3Q 2021) Third quarter 2022 results: EPS: €0.68 (up from €0.15 loss in 3Q 2021). Revenue: €10.7b (up 105% from 3Q 2021). Net income: €809.0m (up €899.0m from 3Q 2021). Profit margin: 7.6% (up from net loss in 3Q 2021). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Ankündigung • Sep 29
Lufthansa Reportedly to Sell its 49% Stake in Aeromar Deutsche Lufthansa AG (XTRA:LHA) plans to sell its 49% stake in Aeromar, Russia's largest food production company for airline passengers, German television channel ZDF reported on September 28, 2022. ZDF earlier published a report saying that a subsidiary of Lufthansa was the owner of 49% in Aeromar for many years, and it remained the company's shareholder even in 2014 when Aeromar opened a representative office in Crimea. The owner of 51% in Aeromar is Russian national flagship carrier Aeroflot. Lufthansa said previously that it was only a minority shareholder of Aeromar, which was not under the E.U. sanctions. But several hours after the report's release, a representative of the company contacted the television channel and said that Lufthansa AG planned to sell its stake in Aeromar, ZDF reported. Ankündigung • Sep 14
Deutsche Lufthansa AG has completed a Follow-on Equity Offering in the amount of €454.584 million. Deutsche Lufthansa AG has completed a Follow-on Equity Offering in the amount of €454.584 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 74,400,000
Price\Range: €6.11
Transaction Features: Subsequent Direct Listing Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.22 (vs €1.26 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.22 (up from €1.26 loss in 2Q 2021). Revenue: €8.96b (up 179% from 2Q 2021). Net income: €259.0m (up €1.02b from 2Q 2021). Profit margin: 2.9% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 85% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 14
Lufthansa, MSC Reportedly Said to Be Preferred Bidder in Race for Ita The consortium of Deutsche Lufthansa AG (XTRA:LHA) and MSC Mediterranean Shipping Company S.A. is said to be considered the preferred bidder for the acquisition of a stake in Italia Trasporto Aereo S.P.A. (Ita Airways), daily newspaper Corriere della Sera reported on July 12, 2022. The offer of the German-Swiss duo provides better economic and strategic prospects than the rival bid of US Certares, the report said, citing a report by Italy's Ministry of Economy. There are still some aspects to be discussed, but the Italian government can proceed with the start of exclusive talks with Lufthansa and MSC. The government led by prime minister Mario Draghilaunched the sale of Alitalia's successor Ita earlier this year after several failed attempts by previous governments. Reported Earnings • May 06
First quarter 2022 earnings released: €0.49 loss per share (vs €1.76 loss in 1Q 2021) First quarter 2022 results: €0.49 loss per share (up from €1.76 loss in 1Q 2021). Revenue: €5.78b (up 126% from 1Q 2021). Net loss: €584.0m (loss narrowed 44% from 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 162% growth forecast for the industry in Austria. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: €2.99 loss per share (up from €12.51 loss in FY 2020). Revenue: €18.4b (up 35% from FY 2020). Net loss: €2.19b (loss narrowed 67% from FY 2020). Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 47%, compared to a 161% growth forecast for the airlines industry in Austria. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Ankündigung • Jan 28
MSC Says to Lead Role in Deal for ITA Airways MSC Mediterranean Shipping Company Holding SA, which has teamed up with Deutsche Lufthansa AG (XTRA:LHA) to potentially bid for Italia Trasporto Aereo S.P.A. (ITA), wants a majority stake in the successor to Alitalia and to run the airline itself, its Chairman was quoted as saying on January 27, 2022. "The main point is to have the majority of ITA Airways. (Lufthansa) can enter as a commercial partner or minority shareholder," Gianluigi Aponte, founder and Chairman of MSC, the world's leading shipping company, told daily Corriere della Sera. He added MSC would want to manage ITA and would not be a "sleeping partner". On January 24, 2022 MSC, controlled by the Aponte family, and Lufthansa said they were interested in buying the majority of ITA and had asked for a 90-day exclusivity period to study a deal. Aponte said MSC would not want to change ITA's management, which he described as "great," but would rather sit on the board. In a separate report in daily Il Messaggero, Aponte was quoted as saying it was "likely" ITA could be worth up to €1.5 billion ($1.7 billion) and that MSC would verify the value as soon as it gained access to the necessary documents. "We are ready, and the deal could be closed earlier, much earlier than the 90 days," he was quoted as saying. State-owned ITA, which has replaced cash-strapped Alitalia and started flying in October, has been looking for equity partners. If the Italian government gives the green light, ITA's management will examine details of the expression of interest and decide whether to enter exclusive talks with the two partners. Ankündigung • Jan 25
MSC Interested in ITA with Lufthansa as Partner MSC Mediterranean Shipping Company Holding SA (MSC) said on January 24, 2022 it had expressed interest in buying a majority stake in airline Italia Trasporto Aereo S.P.A. (ITA) with German flagship carrier Deutsche Lufthansa AG (XTRA:LHA) as an industrial partner in the deal. MSC said the two groups had requested an exclusivity period of 90 days. “The interest derives from the possibility of activating positive synergies . both in the cargo and the passenger sector,” it added. The state-owned Italian carrier is looking for an equity partner and has started informal talks with some potential suitors, both in Europe and overseas. Ankündigung • Jan 23
Lufthansa Reportedly Set to Buy 40% Stake in Alitalia's Successor ITA Deutsche Lufthansa AG (XTRA:LHA) is set to buy a 40% stake in state-owned Alitalia's successor ITA Airways and a deal could be unveiled next week, Italian daily Il Foglio reported on January 22, 2022. The newspaper did not give a price for any deal, but said the two companies were very close to agreeing over some key terms, such as the role of Rome's Fiumicino airport as a hub for direct flights to Africa and some routes to the Americas. An ITA spokesperson said on Saturday that the airline's top management would present a strategic plan to the company's board on Jan. 31. A data room would be opened in the following days, he added, allowing a potential bidder or partner to have access to key financial documents to assess the value of the company. Lufthansa declined to comment. Ankündigung • Dec 02
Deutsche Lufthansa Reportedly Not in Hurry to Sell Businesses Deutsche Lufthansa AG (ETR:LHA) has put on ice the planned sale of its business travel unit Airplus and delayed the decision for the future of maintenance division Lufthansa Technik as it is no longer in urgent need for liquidity, business daily Handelsblatt has reported. Deutsche Lufthansa planned to decide whether to sell or float a minority stake in Lufthansa Technik by the end of this year but the decision has been delayed and will be made no earlier than the end of March 2022, the report said. The reason for the change in the plan is the market situation with investors unwilling to pay the price expected by the airline and the higher liquidity level at the company. Reported Earnings • Nov 04
Third quarter 2021 earnings released: €0.15 loss per share (vs €3.80 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €5.62b (up 111% from 3Q 2020). Net loss: €72.0m (loss narrowed 96% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 06
Second quarter 2021 earnings released: €1.26 loss per share (vs €3.12 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €3.55b (up 87% from 2Q 2020). Net loss: €756.0m (loss narrowed 49% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Ankündigung • May 23
An unknown buyer acquired Deutsche Lufthansa AG (XTRA:LHA) from Kb Holding GmbH for approximately €320 million. An unknown buyer acquired Deutsche Lufthansa AG (XTRA:LHA) from Kb Holding GmbH for approximately €320 million on May 21, 2021. In the disposal, Kb Holding GmbH disposed 33 million shares at a price of €9.8 per share.
An unknown buyer completed the acquisition of Deutsche Lufthansa AG (XTRA:LHA) from Kb Holding GmbH on May 21, 2021. Executive Departure • May 08
Member of Supervisory Board has left the company On the 4th of May, Stephan Sturm's tenure as Member of Supervisory Board ended after 6.0 years in the role. We don't have any record of a personal shareholding under Stephan's name. A total of 8 executives have left over the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: €1.75 loss per share (vs €4.44 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: €2.88b (down 55% from 1Q 2020). Net loss: €1.05b (loss narrowed 51% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 28%, compared to a 41% growth forecast for the Airlines industry in Austria. Reported Earnings • Mar 06
Full year 2020 earnings released: €12.51 loss per share (vs €2.55 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €15.5b (down 58% from FY 2019). Net loss: €6.73b (down €7.94b from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 04
Chief Executive Officer of Lufthansa Cargo Peter Gerber has left the company On the 1st of March, Peter Gerber, was replaced as CEO by Carsten Spohr. We don't have any record of a personal shareholding under Peter's name. A total of 9 executives have left over the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day high: €11.36 The company is up 9.0% from its price of €10.44 on 24 November 2020. The Austrian market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Airlines industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.42 per share. Is New 90 Day High Low • Feb 05
New 90-day high: €11.08 The company is up 49% from its price of €7.44 on 06 November 2020. The Austrian market is up 35% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.66 per share. 
