Lufthansa evaluates new China routes amid slow recovery in capacity [Reuters]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Reuters
, opens new tab capacity on routes to and from China has returned to 70% of the levels before the COVID-19 pandemic and it is evaluating adding new routes to the country, CEO Jens Ritter said on Friday. However, Ritter told reporters in Shanghai that the company hoped to see stronger demand and needed to resolve delays in aircraft deliveries. "We are very confident about the economy of China," Ritter said during his first trip to Asia after becoming Lufthansa CEO in April 2022. "We are eager to increase our capacity towards China." The airline is seeing Chinese travelers make more individual trips, versus large group tours that were more common before the pandemic, and passengers are more willing to pay for the business class or premium economy for more comfort. Demand from business trips was also picking up, he added. The pilot-turned-executive said the German carrier is also considering opening new routes in China. "Besides the connection to Hong Kong, Beijing and Shangha
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
- Why Is Lufthansa Stock Falling? [Seeking Alpha]Seeking Alpha
- Increases to CEO Compensation Might Be Put On Hold For Now at Deutsche Lufthansa AG (ETR:LHA) [Yahoo! Finance]Yahoo! Finance
- Germany's Lufthansa to cut costs, hire less admin staff after strikes [Yahoo! Finance]Yahoo! Finance
- Air France-KLM Looks to Cut Costs as First Quarter Loss Widens [BNN Bloomberg (Canada)]BNN Bloomberg
- Lufthansa to Cut Costs, Stop Projects as Strikes Hurt Profit [BNN Bloomberg (Canada)]BNN Bloomberg