Lufthansa accelerates cost cuts, closing subsidiary, as fuel prices surge [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Yahoo! Finance
Lufthansa said Thursday that it was accelerating savings plans by closing a regional subsidiary as the German aviation giant struggles with surging fuel costs due to the Iran war and a wave of labour strikes. The group also said it would reduce capacity on long- and short-haul routes after the US-Israeli conflict against Iran sent global energy prices soaring. As well as the hit from the war, Europe's biggest aviation group has had to contend with a wave of strikes by staff in recent months -- this week alone, cabin crews and pilots are staging back-to-back walkouts for five straight days. The group announced in a statement that its small CityLine carrier, which mainly operates short-haul flights from destinations in Europe to Frankfurt and Munich, would stop operating on Saturday. The loss-making carrier's 27 aircraft would be "permanently removed from the flight programme", it said. The closure was due to "significantly increased kerosene prices, which have more than doub
Show less
Read more
Impact Snapshot
Event Time:
DLAKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DLAKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DLAKY alerts
High impacting DEUTSCHE LUFTHANSA S/ADR news events
Weekly update
A roundup of the hottest topics
DLAKY
News
- Germany's Lufthansa to shut regional CityLine unit amid fuel costs and strikes pressure [Yahoo! Finance]Yahoo! Finance
- Germany's Lufthansa to ground flights over high fuel costs, strikes [Yahoo! Finance]Yahoo! Finance
- Deutsche Lufthansa (DLAKY) was downgraded by Zacks Research from "hold" to "strong sell".MarketBeat
- A Look At Deutsche Lufthansa (XTRA:LHA) Valuation After Recent Share Price Volatility [Yahoo! Finance]Yahoo! Finance
- Iran war upends aviation strategies [Yahoo! Finance]Yahoo! Finance