Streetbeat News

DLAKF

Deutsche Lufthansa AG

https://www.lufthansagroup.com/

CEO

Carsten Spohr

Industry

Scheduled Passenger Air Transportation

Open

8.45

Mkt cap

8.7B

Volume

High

8.45

P/E Ratio

5.78

52-wk high

8.60

Low

7.23

Div yield

0.04

52-wk low

5.61

The U.S. Transportation Department has fined Lufthansa, KLM Royal Dutch Airways, and South African Airways a total of $2.5 million for delays in issuing COVID-19-related refunds. Lufthansa and KLM each face $1.1 million in penalties. The DOT has facilitated nearly $4 billion in refunds, including $600 million for Southwest Airlines' holiday meltdown in 2022.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 2:06 pm

Lufthansa Group has chosen Viasat to upgrade in-flight connectivity across over 150 aircraft, aiming to enhance passenger experience. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 12:08 pm

Baidu claims its Ernie Bot outperforms OpenAI's ChatGPT; Meta's WhatsApp Business app reaches 200 million users; Walgreens reports disappointing Q3 earnings. Ford plans layoffs in its engineering sections in the US and Canada. Robinhood cuts 7% of its full-time staff due to reduced customer engagement. General Dynamics and American Rheinmetall compete for a $45B US Army vehicle contract. Virgin Galactic announces the date for its first commercial spaceflight.

Portfolio Pulse from Vandana Singh

June 27, 2023 | 1:27 pm

Lufthansa has entered decisive talks with its pilots' union to reach an agreement by the end of the week and avert the threat of a strike during the crucial summer travel season. The union rejected Lufthansa's previous offer as 'absolutely insufficient'.

Portfolio Pulse from Akanksha Bakshi

June 27, 2023 | 12:17 pm

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