Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 of €0.33 announced Shareholders will receive a dividend of €0.33. Ex-date: 13th May 2026 Payment date: 15th May 2026 Dividend yield will be 4.8%, 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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. 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 4.9% 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 45% per year, which means it is significantly lagging earnings. Aankondiging • 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. Aankondiging • 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%. Within top quartile of Swiss dividend payers (4.2%). 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 45% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 08
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 45% per year, which means it is significantly lagging earnings. Aankondiging • 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. Aankondiging • 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. 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 1% per year, which means it is significantly lagging earnings. Aankondiging • 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 2.9% 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 4% per year, which means it is significantly lagging earnings growth. Aankondiging • 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 Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 fallen by 1% per year, which means it is significantly lagging earnings. 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 7% per year, which means it is significantly lagging earnings. Aankondiging • 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. 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 6.7% 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 and the company’s share price has also fallen by 7% per year. 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 Switzerland. 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 4% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 04
Deutsche Lufthansa AG to Report Fiscal Year 2022 Results on Mar 03, 2023 Deutsche Lufthansa AG announced that they will report fiscal year 2022 results on Mar 03, 2023 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 Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 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 Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. 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 87 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 162 percentage points per year, which is a significant difference in performance. 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 163 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 Switzerland. Reported Earnings • Mar 05
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 153 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 17
New 90-day high: CHF100.00 The company is up 513% from its price of CHF16.32 on 19 November 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF206 per share. Aankondiging • Dec 10
Lufthansa Group Appoints Stefan Kreuzpaintner as Head of Sales, Effective January 1, 2021 Lufthansa Group has announced it has appointed Dr. Stefan Kreuzpaintner as the new head of sales to assume responsibility for the worldwide sales activities of Lufthansa, Swiss, Austrian Airlines and Brussels Airlines, effective January 1, 2021. Dr. Kreuzpaintner will join the Executive Board of Lufthansa Airlines as Chief Commercial Officer (CCO) at the beginning of 2021, assuming responsibility for the Munich hub of Lufthansa Airlines. Kreuzpaintner succeeds Heike Birlenbach as Head of Sales, who takes over the newly created resort Customer Experience Lufthansa Group Airlines on January 1, 2021. Is New 90 Day High Low • Nov 29
New 90-day low: CHF15.50 The company is down 48% from its price of CHF30.00 on 31 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF15.86 per share. Aankondiging • Nov 13
Deutsche Lufthansa Appoints Remco Steenbergen as New Member of Executive Board The supervisory board of Deutsche Lufthansa has appointed Remco Steenbergen as a new member of the company's executive board. Remco Steenbergen brings with him excellent financial expertise from various companies as well as industries and has also impressed the Supervisory Board with his personality. Aankondiging • Nov 12
Lufthansa Appoints Remco Steenbergen as Chief Financial Officer Lufthansa has appointed Remco Steenbergen as its new chief financial officer, with a start date of January 1. Steenbergen currently serves as the chief financial officer for Barry Callebaut Group, a Swiss company that manufactures chocolate and cocoa products. Lufthansa is hiring Steenbergen in the wake of two resignations from that post this year, and in the midst of turbulence for the company created by the coronavirus pandemic. Aankondiging • Nov 07
Deutsche Lufthansa AG, Annual General Meeting, May 04, 2021 Deutsche Lufthansa AG, Annual General Meeting, May 04, 2021. Reported Earnings • Nov 07
Third quarter 2020 earnings released: €3.80 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €3.08b (down 70% from 3Q 2019). Net loss: €1.97b (down 271% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 2.4% compared to a 7.2% decline forecast for the Airlines industry in Switzerland. Aankondiging • Aug 07
Lufthansa Announces to Cut 22,000 Jobs Around the World Lufthansa announced that it plans to 22,000 jobs around the world. The group plans to cut costs by 15% by 2023, reduce the fleet by at least 100 aircraft and cut 22,000 full-time positions, half of them in Germany. By the end of June, the carrier had already cut employee numbers by almost 8,300 compared to the previous year, many of them in the United States. 
