Streetbeat News

DLAKY

Deutsche Lufthansa AG

https://www.lufthansagroup.com/

CEO

Carsten Spohr

Open

8.50

Mkt cap

10B

Volume

16K

High

8.52

P/E Ratio

6.74

52-wk high

8.78

Low

8.40

Div yield

0.04

52-wk low

5.69

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.