XTRA:LHAAirlines
BlackRock Ups Lufthansa Stake As Pilot Strike Tests Valuation Gap
BlackRock has increased its stake in Deutsche Lufthansa, altering the airline's shareholder mix.
A fresh pilot strike is causing significant operational disruptions following recent cabin crew walkouts.
For investors watching Deutsche Lufthansa (XTRA:LHA), the twin developments of a larger BlackRock stake and a new pilot strike put ownership and labor relations in sharp focus. The shares last closed at €7.82, with the stock up 32.1% over the past year and 17.1% over five years, while the...