|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.34 - 29.34|
|52 Week Range||11.60 - 29.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Alaska Air Group's (ALK) traffic rises in December. However, load factor in the month declines owing to capacity expansion exceeding traffic growth.
Lufthansa's maintenance arm and aircraft engine maker MTU Aero Engines have agreed on a new joint venture to serve growing demand for maintenance and repair of geared-turbofan engines that are used in planes such as the Airbus A320neo. The two companies will each own a 50 percent stake in the new company and total investment is expected to be around 150 million euros ($158 million), Lufthansa Technik said in a statement on Tuesday. The two hope the joint venture will allow them to increase efficiency and keep costs down as they cater to growing fleets of narrow body jets using the PW1000G Pratt & Whitney engines.
BERLIN (AP) — German airline Lufthansa has struck a deal to solve a bitter labor dispute with pilots that over five years has cost it an estimated half a billion dollars and more than a dozen strikes.
Deutsche Lufthansa AG, competing with the Middle East’s biggest carriers to carry Indian international traffic, said it will seek to expand ties with Jet Airways (India) Ltd., which will help its customers ...
Etihad Airways is not looking to take a stake in German carrier Lufthansa (LHAG.DE), a spokesman said on Wednesday, denying a report in an Italian newspaper that sent Lufthansa's shares higher on Tuesday. "We can confirm that are not looking to take a financial stake in Lufthansa," the spokesman said, after the Wall Street Journal quoted Etihad Aviation Group CEO James Hogan as saying he was interested in a closer partnership but not buying shares. Reuters reported on Tuesday that Lufthansa and Etihad were in talks, but over cooperation on code shares and catering, rather than equity stakes.
European shares ended flat on Tuesday, coming off lows after British Prime Minister Theresa May provided some clarity on her country's plans to leave the European Union. The pan-European STOXX index ended 0.1 percent lower, having fallen as much as 0.7 percent just before May began speaking. Britain's FTSE 100 index fell 1.5 percent, its biggest one-day drop since June 2016, as sterling surged on May's speech.
Lufthansa's plan to buy Alitalia hit a stumbling block as the German carrier calls for major cuts before it moves forward. Silvia Antonioli reports.