Streetbeat News

DLAKY

Deutsche Lufthansa AG

https://www.lufthansagroup.com/

CEO

Carsten Spohr

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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 (OTC:DLAKY) has temporarily halted its flights to Tehran due to the ongoing crisis in the Middle East, following a suspected Israeli airstrike on the Iranian embassy in Syria. The suspension, which began on April 6, is expected to last until at least April 11, reflecting the airline's commitment to safety. This decision comes amid heightened tensions in the region, with the U.S. warning of potential Iranian retaliatory attacks. The situation has also led to a sharp rally in oil prices.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 7:11 am

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

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

Austrian Airlines, a subsidiary of Deutsche Lufthansa AG (OTC:DLAKY), has been reprimanded by a court for making misleading environmental claims. The airline had advertised that its flights to an art exhibition in Venice would be operated using 100% sustainable aviation fuel, but it was revealed that only 5% of the fuel used was from renewable sources. Following the ruling, the airline was ordered to display the court's decision on its website and social media platforms and cover the legal fees of the consumer-protection association.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 2:23 pm

Lufthansa Group Airlines has ventured into the world of non-fungible tokens (NFTs) through its loyalty program, Uptrip. The program, developed in partnership with Lufthansa Innovation Hub and Miles & More, allows passengers to convert their boarding passes into NFT trading cards. These NFTs can be securely stored in users' crypto wallets, with Polygon proof-of-stake blockchain protocol. By collecting and combining different collections, passengers can avail of services like airport lounge access, flight upgrades, and award miles.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 2:32 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

Deutsche Lufthansa (OTC:DLAKY) experienced volatile short activity on Friday, causing the stock price to rise by 1.33% to $9.93. The overall sentiment for DLAKY is bullish, but the signal from the volatility alert is trending bearish, leading to a recommendation to increase short exposure.

Portfolio Pulse from Christopher Sappo

June 05, 2023 | 1:38 pm

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