DLAKY - Deutsche Lufthansa AG
| Previous Close | 14.69 |
| Open | 14.87 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 14.68 - 14.93 |
| 52 Week Range | 14.22 - 28.07 |
| Volume | 38,142 |
| Avg. Volume | 48,631 |
| Market Cap | 6.983B |
| Beta (3Y Monthly) | 1.06 |
| PE Ratio (TTM) | 2.66 |
| EPS (TTM) | 5.56 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.90 (6.16%) |
| Ex-Dividend Date | 2019-05-08 |
| 1y Target Est | 27.00 |
- Reuters
Lufthansa will hold its ground in short-haul price war: CEO
German carrier Lufthansa will continue to fight for market share in the hotly contested market for short-haul flights, where it is determined to compete with budget airlines such as Ryanair , its chief executive said. "We will not be chased away from our home market by those that have been used to come, see and conquer," Lufthansa Chief Executive Carsten Spohr told journalists late on Monday. Spohr also said that Lufthansa was well positioned for keeping up with the global consolidation in the airline industry, in which only 12 global carriers would exist in the future and Lufthansa wanted play an active role.
- Bloomberg
What Hong Kong Airport Disruption Means for Your Travel Plans
(Bloomberg) -- Flights to and from Hong Kong were disrupted for a second day after renewed protests grounded hundreds of services.The airport, Asia’s busiest for international traffic and a key transit point for European trips, resumed operations early Tuesday after Monday’s shutdown, before services were disrupted again when hundreds of black-shirted protesters returned to departure halls.Check-in for outbound flights was halted, though some long-haul operators said they’d maintain inbound services as arrival areas are less affected. Passengers were told to confirm their journeys with airlines before going to the airport.Here’s how carriers are responding to the latest upheaval:Cathay PacificThe Hong Kong airline and its Cathay Dragon unit suspended all check-ins and encouraged passengers to postpone non-essential travel from Hong Kong on Tuesday and Wednesday.Earlier, it canceled more than 200 incoming and outgoing flights amid rescheduling issues even as the airport reopened. Almost all the affected services were in Asia, though some flights to and from the U.S. and Europe were scrubbed.Qantas AirwaysEven before the return of protesters the Australian airline canceled three flights to Hong Kong that were scheduled to leave from Brisbane, Melbourne and Sydney on Tuesday.Deutsche LufthansaEurope’s largest airline is looking at canceling Tuesday evening’s flights to Hong Kong from Frankfurt and Munich. The departures aren’t until around 11 p.m. and the carrier plans to reach a decision by about 6 p.m. Lufthansa scrapped the services Monday even after operators continued long-haul services.Air FranceA Tuesday service from Paris Charles de Gaulle arrived unhindered in Hong Kong but a spokesman said the return flight would be postponed amid the renewed protests.KLMSister company KLM said it was maintaining services, with a flight to Amsterdam having already departed Hong Kong before the protests sparked off again and an outbound service due to depart the Dutch city for Asia at 5 p.m.Virgin Atlantic AirwaysThe British carrier is still hoping to operate its departure from Hong Kong to London at 11:55 p.m. local time and said its service from the U.K. will leave as scheduled at 9:50 p.m. It avoided cancellations Monday after a jet that broke down in Hong Kong Sunday was able to make an unscheduled flight to Britain when the airport reopened.Hong Kong AirlinesMore than 20 departures flights into Hong Kong were canceled Tuesday from cities all over Asia including Bangkok, Beijing and Manila, many of them return services for operations that were scrapped Monday.Air ChinaThe state-owned airline said it canceled a dozen flights in and out of Hong Kong.American AirlinesAmerican Airlines Group Inc.’s Tuesday flights from Hong Kong to Dallas and Los Angeles departed as scheduled, a spokeswoman said. A flight from Los Angeles to Hong Kong was canceled.United AirlinesUnited, the U.S. airline with the most service to China, said its Hong Kong flights would operate as normal on Tuesday. The company issued a travel waiver for customers allowing changes to Hong Kong flights scheduled Aug. 12-15.\--With assistance from Ania Nussbaum, Mary Schlangenstein, Justin Bachman, Jack Pitcher, Layan Odeh and Tony Robinson.To contact the reporters on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net;Christopher Jasper in London at cjasper@bloomberg.net;William Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Brendan Case, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
‘Flight shame’ by Greta Thunberg boosts carbon-offset programs, and Frontier Airlines holds a ‘Green’ ticket giveaway
Evidence of the increasing effects of climate change is building, as are the investing opportunities and changes in consumer habits linked to environmental concerns and resource use. Campaigning by filmmaker David Attenborough and viral teenage climate activist Greta Thunberg — who said she’d sail, not fly, to upcoming conference-speaking engagements — is persuading more air travelers to sign up for carbon-offset programs. Myclimate, a Swiss nonprofit whose clients include Deutsche Lufthansa AG (XE:LHA) , saw a five-fold jump in credit purchases meant to mitigate the environmental impact of flights in a year, Bloomberg News reported.
- Bloomberg
Greta Thunberg and ‘Flight Shame’ Are Fueling a Carbon Offset Boom
(Bloomberg) -- Campaigning by climate activist Greta Thunberg and filmmaker-naturalist David Attenborough is persuading pollution-conscious fliers to try and mitigate the environmental damage caused by their flights.Sales of so-called carbon offsets are soaring: Myclimate, a Swiss nonprofit whose clients include Deutsche Lufthansa AG, reported a five-fold uptake in its credits in a year. At Ryanair Holdings Plc, Europe’s largest discount carrier, the number of customers making voluntary offset payments has almost doubled in 18 months.This summer’s heatwaves have boosted sales. Europe has seen rivers dry, temperature records fall and sporting events canceled in heat scientists blame on man-made global warming. The offsets may offer a salve to the emerging “flight shame” anti-flying movement spreading from Sweden, home of 16-year-old Thunberg, who recently said she’s crossing the Atlantic by sailboat to attend a United Nations climate summit in New York.“There’s always some extreme weather story in the news,” said John Buckley, managing director of Carbon Footprint Ltd., an offset provider that has seen demand quadruple this year. “We’re now getting a higher level of interest than we’ve ever had before. It’ll put money back into the system, which will create more projects.”What is a carbon offset? How much do they cost?Carbon offsets are certificates that mitigate a passenger’s flight emissions by reducing greenhouse gases elsewhere in the world. The money passengers pay on top of their ticket goes to low-carbon or clean energy projects such as planting trees, installing solar panels or handing out cleaner cooking stoves.Travelers face a dizzying array of options. Some airlines offer offsets directly when you pay for your ticket, while dozens of online companies advertise personal certificates tailored to your flight.Prices vary widely, too, ranging from 10 cents per ton of carbon dioxide to more than $70, depending on the offset provider and the project being funded, according to Forest Trends Association, which provides data on voluntary carbon markets.For example, on the website of Atmosfair, a German nonprofit, offsetting a one-way flight from London to New York can cost from $40 to $93 depending on the airline. Such a trip emits about half a ton of carbon emissions per passenger.Verra, the biggest program for voluntary credits globally, has seen the monthly retirement, or usage, rate for offsets jump about 23% this year to 3.8 million tons a month. When a credit is used, it’s retired or cancelled. They aren’t used again.Are carbon offsets here to stay?Putting a value on the offsets is difficult because different projects cut greenhouse gases in a wide variety of ways. Global voluntary offsetting transactions, which include at least some flight credits, reached a value of about $200 million a year, according to a first-quarter 2018 survey by Forest Trends.While public demand may be growing, it’s still from a very low base. Airline uptake for carbon-offsetting remains below 2% on average, though that figure doesn’t include third-party providers, the International Air Transport Association said by email. At Ryanair, fewer than 3% of customers are buying credits with the biggest portion from Germany.Airlines Clash Over CO2 With Industry Vilified in Climate DebateAirline emissions are beginning to be tackled by policymakers. The International Civil Aviation Organization is developing a global carbon market, while the U.K. is considering requiring airlines and other forms of transport to offer prices that include the cost of emissions. The British plan would allow consumers to opt out in order to pay a lower price.The option to offset air-travel emissions has become public discussion, said Anne Thiel, communications manager for Washington-based Verra. While media attention and European heatwaves may have boosted offsetting, the yearly increase may be due to a more general growing appreciation of the problem, she said.\--With assistance from Christopher Jasper, Jesper Starn and Niklas Magnusson.To contact the authors of this story: Timothy Abington in London at tabington@bloomberg.netMathew Carr in London at m.carr@bloomberg.netWilliam Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net, Lars PaulssonAdam BlenfordFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Why We’re Not Impressed By Deutsche Lufthansa AG’s (ETR:LHA) 8.1% ROCE
Today we'll evaluate Deutsche Lufthansa AG (ETR:LHA) to determine whether it could have potential as an investment...
- Bloomberg
Prospects for German Economy Are Gloomy Even as Orders Increase
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A rebound in German factory orders in June might be as good as the news gets this week from Europe’s largest economy. Manufacturing is already experiencing its worst slump in seven years, and declining business confidence has raised the risk of a recession. While orders jumped 2.5%, erasing the decline in May, industrial production data due on Wednesday are likely to have shown a drop. “Germany’s economy is highly dependent on exports, and that’s what’s hitting the German economy now,” Marcel Fratzscher, president of the DIW German Institute for Research said on Bloomberg Television. “If the trade conflicts persist for many more years, this will hit Germany very hard.” There’s no end in sight for now. After the U.S. announced its biggest tariff hike yet on imports from China, the Asian country responded by letting its currency tumble to the lowest in more than a decade. Their escalating trade war is spreading uncertainty across Germany’s business world, with blue-chip companies from Continental to Lufthansa warning the tensions are crimping corporate results.June’s gain in factory orders was bolstered by demand for investment goods from outside the euro area. Orders from within the country and the euro area declined.The Economy Ministry, which publishes the data, said the downturn in orders slowed markedly in the second quarter. “But business climate indicators suggest the turnaround in manufacturing is still ahead.”Investor confidence fell to its lowest level since 2009 in August, and unemployment last declined in April. The Bundesbank predicts the economy contracted in the second quarter. A first estimate is due to be published on Aug. 14. Weakness in Germany has already left its mark on the euro-area economy. European Central Bank officials have signaled they will likely provide more monetary stimulus as early as in September.\--With assistance from Kristian Siedenburg, Harumi Ichikura, Catarina Saraiva, Eddie Spence, Matthew Miller and Anna Edwards.To contact the reporter on this story: Kristie Pladson in Frankfurt at kpladson@bloomberg.netTo contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Jana RandowFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Benzinga
Lufthansa Cargo Posts Weak Earnings As Trade Uncertainty Continues
Lufthansa Cargo posted weak earnings for the first half of 2019, citing lower economic growth and trade conflicts for its lackluster performance. The company posted an 88 percent fall in adjusted earnings before tax and interest (EBIT) year-over-year. Germany-based Lufthansa Cargo is a wholly owned subsidiary of Lufthansa.
- Bloomberg
Euro-Area Economy Left Struggling as Growth, Inflation Slow
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Economic growth in the euro area slowed dramatically in the second quarter, the latest in a string of reports flagging deteriorating economic prospects that increase the chance of more European Central Bank stimulus.Cooling momentum risks extending a phase of too-low inflation that’s worrying policy makers. At their last meeting, ECB officials ordered staff to study everything from interest-rate cuts to asset purchases as they look at ways to prop up the economy.The latest data showed the 19-nation region expanded 0.2% last quarter, down from 0.4% in the previous three months. That left year-on-year growth at 1.1%, its weakest in more than five years. Inflation slowed to 1.1% in July, the lowest since early 2018, and a gauge excluding volatile components such as food and energy was even weaker.The reports confirm a trend observed in some of the region’s largest economies. Growth slowed in France, Spain, Austria and Belgium and the economy stagnated in Italy.For more insight from Bloomberg Economics, click hereConcern about the state of the euro-area economy and expectations of ECB action have driven investors into the German bond market. The yield on the nation’s 10-year debt is below minus 0.4 percent, the current level of the ECB’s deposit rate.Much of the slowdown engulfing Europe is linked to manufacturing and global trade tensions, with German industry hit particularly hard.Germany’s GDP figures aren’t due until Aug. 14 -- though the euro-zone estimate normally includes some German data provided to Eurostat by the country’s national statistics office. Separate figures on Wednesday showed a small increase in German jobless claims in July.What Bloomberg’s Economists Say“With euro-area economic growth dropping below trend, the ECB risks getting further away from meeting its objectives. We expect growth to remain weak in the second half and see President Mario Draghi unveiling a big round of monetary stimulus in September.”\--Jamie Rush. Read the EURO-AREA REACTCompanies there and across the region have issued profit warnings in recent weeks, pointing to trade tensions and weaker global growth. Deutsche Lufthansa reported the first loss for 2 1/2 years at its freight arm as it flew with the most empty space in a decade.An imminent improvement isn’t in sight. The U.S. and China concluded a new round of trade talks in Shanghai with little evidence of progress toward ending their year-long dispute. At the same time, corporate results in the Asian country are painting a dire picture, with some 40% of the more than 1,600 firms to give first-half guidance predicting a drop in earnings from a year earlier.(Updates with Italian data in third paragraph.)\--With assistance from Harumi Ichikura and Kristian Siedenburg.To contact the reporters on this story: Jeannette Neumann in Madrid at jneumann25@bloomberg.net;Jana Randow in Frankfurt at jrandow@bloomberg.netTo contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe SchneeweissFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Global airfares, hotel rates set for modest rise as economy slows in 2020 - industry forecast
Escalating trade wars, the impact of Brexit, possible oil supply shocks and a growing likelihood of recession will put a damper on global air travel and hotel rates in 2020, according to an industry forecast. Airfares will rise by a modest 1.2% and hotel rates by 1.3% in U.S. dollar terms and an average of about 2.2% for both in local currencies, said the annual business travel forecast from Carlson Wagonlit Travel (CWT) and the Global Business Travel Association (GBTA) released on Wednesday.
- MarketWatch
European stocks spiral down on Trump’s trade tirade against China
Faltering German giants led European stocks down on Tuesday as markets prepared for the Federal Reserve’s expected rate cut.
- Skift
Lufthansa Ready at Home in Germany for Long Battle With Low-Cost Rivals
Lufthansa Group is preparing for a sustained battle with low-cost competitors Ryanair and EasyJet in its home market of Germany. The collapse of Air Berlin in 2017 allowed other airlines to plant a flag on Lufthansa’s home turf and with that has come more planes and lower prices making it harder for the once-dominant legacy […]The post Lufthansa Ready at Home in Germany for Long Battle With Low-Cost Rivals appeared first on Skift.
- Reuters
UPDATE 2-European shares crushed as Trump toughens stance on China
Europe's main STOXX 600 index posted its worst session since a selloff in May on Tuesday after U.S. President Donald Trump ramped up his trade rhetoric against China, deepening wounds left by a batch of weak economic data and corporate earnings. The pan-European equities index closed down 1.5% in heavy trading and Germany's trade-sensitive stocks hit a six-week low after Trump warned China against waiting out his first term in office to finalise any trade deal.
- Bloomberg
Lufthansa Earnings Deepen Aviation Gloom as Fare War Bites
(Bloomberg) -- Deutsche Lufthansa AG said threats to its financial outlook are mounting after a fare war and stuttering global economy dented second quarter-earnings, adding to the gloom surrounding Europe’s airline industry.Lufthansa warned Tuesday that the fight for market share means business trends could deteriorate further in the second half, sending the stock down 7.4% even as the group stood by reduced full-year profit guidance issued last month.Europe’s biggest airline joins discount rival Ryanair Holdings Plc in clinging to its earnings goals in the face of falling fares, slowing GDP growth, rising fuel costs and disruption from congested airspace and extreme weather. Lufthansa’s home German market has become a key battleground, with the collapse of smaller carriers unleashing a bruising fight for market share.“Europe is the problem,” Bernstein analyst Daniel Roeska said, adding that quarterly figures in line with expectations don’t allay more deep-seated concerns. “As we move into peak summer, messages of a tough environment continuing should leave investors cautious on demand for the rest of 2019.”Shares of Lufthansa traded 5.2% lower at 14.34 euros as of 10:13 a.m. in Frankfurt, taking the decline this year to 27% and reducing the company’s market value to 6.83 billion euros ($7.6 billion). The stock fell 12% after the June 17 profit warning.Adjusted earnings before interest and tax dropped by one-quarter to 754 million euros in the three months through June, Lufthansa reported, in line with an average analyst estimate of 757 million euros.Short-haul routes are most under pressure, with yields, a measure of fares, tumbling at the Eurowings discount arm that the group had expanded to combat Ryanair, but which it now plans to rein in after mounting losses.Lufthansa said it doesn’t see things improving this year, with discounts continuing to weigh on ticket prices. Budget carriers operating in Germany cut fares as much as 10% in recent months, according to a government report, indicating that the market still has excess seats despite the demise of Air Berlin, Britain’s Monarch, Iceland-based Wow and a host of smaller operators.Headwinds from a German economic slowdown are also building amid simmering trade tensions, with business confidence at its lowest in a decade.As well as hitting corporate demand for flights, the conflict is crimping earnings at Lufthansa’s cargo arm, which were 88% lower than a year ago. Routes between Asia and Europe are particularly weak, and the airline said margin targets at the unit are at risk.Chief Financial Officer Ulrik Svensson blamed oversupply and “tough competition” for the pressure on earnings and said Lufthansa will respond “by further reducing our costs and increasing our flexibility.” Ryanair said Monday that it’s not about to ease up on capacity despite a 21% drop in quarterly profit, arguing that its cost base gives it an edge over European rivals.Lufthansa’s full-service rivals Air France-KLM and IAG SA, which owns British Airways and Spain’s Iberia, are due to report earnings on Wednesday and Friday respectively.(Updates with extended share price decline in fifth paragraph.)To contact the reporter on this story: William Wilkes in Frankfurt at wwilkes1@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net, ;Anthony Palazzo at apalazzo@bloomberg.net, Christopher Jasper, Tara PatelFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Lufthansa braces for more challenges after price war hits earnings
German airline Lufthansa said it was braced for very tough price competition with Ryanair and easyJet for at least the rest of this year as it reported a plunge in second-quarter earnings on Tuesday. Lufthansa, which had issued a profit warning last month, blamed price competition on short-haul routes and rising fuel and maintenance costs as it said second-quarter adjusted earnings before interest and tax (EBIT) fell by 25% on the year to 754 million euros ($839.73 million). Net profit for the quarter plummeted 70% to 226 million euros, partly due to an almost 200 million euro tax provision.
- Reuters
Lufthansa considers holding structure: Handelsblatt
German airline Lufthansa is considering adopting a corporate holding structure to simplify its operations, improve profitability and regain the support of investors, newspaper Handelsblatt reported on Monday. Citing unnamed sources familiar with the matter, the newspaper said the idea of a group holding structure was under early discussion both at management level and in parts of the supervisory board. Responding to the report, Lufthansa said that it reviewed its group structure at regular intervals.
- Simply Wall St.
Deutsche Lufthansa (FRA:LHA) Seems To Be Using An Awful Lot Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
- Reuters
Egypt expresses dismay to UK envoy over British Airways flight suspension
Egypt's aviation minister on Sunday expressed his dismay over British Airways' decision to suspend flights to the Egyptian capital to the UK's ambassador to Cairo. International Airlines Group's British Airways suspended flights to Cairo on Saturday for seven days "as a security precaution" as it reviews security at the city's airport. Air France, Emirates and Etihad Airways continued to operate flights to Cairo.
- Bloomberg
You Can’t Shame Asian Flyers
(Bloomberg Opinion) -- This summer, European vacationers are being brought down to earth. A campaign, marked by hashtags such as stayontheground and flightshame, is pressuring travelers to think twice about the carbon impact of their air travel. Even airlines are joining in the public shaming. KLM Royal Dutch Airlines is encouraging people to fly less, and Deutsche Lufthansa AG's CEO recently declared that cheap fares are "economically, ecologically and politically irresponsible." Whether connected or not, there’s been a surge in European train passenger traffic this summer.None of this well-meaning effort will amount to much, however, unless the industry grapples with the environmental impact of its fastest-growing market: Asia.Aviation industry estimates suggest that global passenger numbers will double by 2037, led primarily by new middle-class consumers in China, India and Southeast Asia. Sometime in the next decade, China will surpass the U.S. as the world's biggest aviation market.This growth has been driven partly by population size -- China’s middle class alone includes at least 400 million members -- and partly by strategy. Rather than waiting for these consumers to become rich enough to afford traditional airfares, Asian low-cost carriers sprung up to meet them where they were economically. In 2008, airlines in Southeast Asia flew 200 million seats. A decade later, they flew 530 million seats; during that time, low-cost carriers expanded their market share from 30% to nearly 50%. The region’s leading such airline, Malaysia-based AirAsia Group Bhd., uses the slogan, "Now Everyone Can Fly!." It’s on track to become Southeast Asia’s largest carrier -- period -- in 2019.Neither the airline industry, passengers -- many of whom are flying for the first time -- nor local governments have any intention of slowing this growth. To the contrary, by 2035, India plans to build 100 new airports and China plans over 200 of its own. Meanwhile, developed countries including Singapore and South Korea are upgrading and expanding airports to prepare for the expected deluge of new passengers.East Asia already has the world's fastest-growing tourist industry and planemakers are salivating at the potential for more growth. The Boeing Co. predicts that Asia-Pacific will account for around 40% of the 44,000 commercial aircraft it expects to sell through 2038.The environmental costs of this growth are very real. An individual flying roundtrip between New York and London generates the same level of emissions as a person heating their home for a year. That adds up: The airline industry emits nearly 1 billion tons of CO2 annually. If aviation were a country, it'd be a top 10 emitter, bigger than such notable polluters as Brazil, Canada, South Korea and the U.K.The few conscientious Europeans who choose not to fly will in all likelihood be vastly outnumbered by the Asians who do, even if the latter are often flying shorter distances within the region. While environmental consciousness is growing across Asia, sustainable consumption -- and especially the notion that consumers should opt out or pay more for the benefits of a consumer economy -- remains an idea largely embraced by the already affluent.That means airlines and local governments are going to have to find other ways to mitigate the impact of air travel in Asia. There are no easy solutions, of course. But governments can and should take tangible steps now. For instance, China and India could join the over 70 states participating in the Carbon Offsetting and Reduction Scheme for International Aviation, or CORSIA, a market-based program in which airlines buy "offsets" for their emissions. Its idealistic goal is to make aviation carbon-neutral by 2020.Greater government support for biofuels and other sustainable fuels, especially by flag carriers and state-supported airlines, would reduce emissions and create economies of scale that would make it more affordable for other airlines to adopt such cleaner-burning fuels. Airlines could work together to establish and maintain "green" flight routes that reduce fuel use and climate impacts.Finally, countries with an interest in developing plane manufacturing sectors could increase investments in electric and hybrid propulsion. Governments won’t get far if they try to tell eager new consumers they can’t fly. The key is to make all those trips a lot less damaging than they currently are.To contact the author of this story: Adam Minter at aminter@bloomberg.netTo contact the editor responsible for this story: Nisid Hajari at nhajari@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Adam Minter is a Bloomberg Opinion columnist. He is the author of “Junkyard Planet: Travels in the Billion-Dollar Trash Trade” and the forthcoming "Secondhand: Travels in the New Global Garage Sale."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
Lufthansa CEO sees no 'Greta Effect' on passenger numbers
German airline Lufthansa expects passenger numbers to rise about 4% this year, its chief executive told a newspaper, playing down talk that public support for teenage climate activist Greta Thunberg might be curbing air travel. "At this time we don't see restraint - in fact, the opposite," Carsten Spohr told the NZZ am Sonntag newspaper in the interview published on Sunday. "In comparison to last year, already a record year, we're expecting passenger growth of about 4 percent, (Lufthansa unit) Swiss International Air Lines is also showing growth.
- MarketWatch
London markets advance on fresh U.S.-China trade optimism
Investors were encouraged by reports Saturday that included the U.S. suspending some sanctions on Huawei
