|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.03 - 24.28|
|52 Week Range||10.35 - 24.64|
|PE Ratio (TTM)||5.74|
|Dividend & Yield||0.56 (2.44%)|
|1y Target Est||N/A|
BERLIN/FRANKFURT (Reuters) - A first round of formal talks for the sale of insolvent German airline Air Berlin's (AB1.DE) assets will be held with its bigger local rival Lufthansa (LHAG.DE) on Friday, ahead of other prospective bidders, a senior labour union official said. "Only Lufthansa will initially be part of the talks ... As far as I know, the other bidders will be invited for talks afterward and then an overall package will be put together," said Lufthansa's deputy chair Christine Behle, who represents labour union Verdi on the company's supervisory board. Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after shareholder Etihad Airways withdrew funding following years of losses.
The issue with its pilots puts Spirit Airlines (SAVE) in a tight spot, raising concerns about its future prospects.