DIRS.INFO The most relevant business & tech news

☆ Loads of analysts cut their price targets on these 10 stocks ahead of earnings
▼ + stars: | 2024-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts have lowered their expectations on several global stocks this week by cutting their price targets. The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's . The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings. Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.

Persons: Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom Organizations: Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa Locations: Stifel

☆ Lufthansa upbeat as leisure travel demand remains high
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Lufthansa logo is seen displayed in this illustration taken, May 3, 2022. Lufthansa rival IAG (ICAG.L) last month said it was "mindful" of uncertainty in the wider economy, even as it reported consensus-beating quarterly profit, and Ryanair (RYA.I) was cautious on demand for the rest of 2023. In April to June, Lufthansa's adjusted earnings before interest and tax nearly tripled to 1.09 billion euros ($1.19 billion), slightly above consensus for 1.04 billion, from 341 million a year earlier. For the full year 2023, it now expects adjusted EBIT to come to more than 2.6 billion euros, having previously forecast a significant increase from last year's 1.5 billion. ($1 = 0.9148 euros)Reporting by Maria Sheahan Editing by Miranda Murray and Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Maria Sheahan, Miranda Murray, Friederike Heine Our Organizations: Lufthansa, REUTERS, Deutsche Lufthansa, Airlines, IAG, Ryanair, Austrian Airlines, SWISS, Boeing, Airbus, Thomson Locations: BERLIN, Asia, China, Japan

☆ Global airlines grasp at the 100% recovery
▼ + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com time to read: +4 min

HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.

Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India

☆ Lufthansa sale is ironic end to Italy airline saga
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

MILAN, May 26 (Reuters Breakingviews) - Italy’s epic airline soap opera has found a paradoxical end. After multiple sale attempts by Italian governments of all political leanings, plus over 10 billion euros of wasted state support, it’s Prime Minister Giorgia Meloni – an avowed nationalist – who is cutting the umbilical cord with the country’s state-owned national carrier. The state will inject 250 million euros of equity in ITA before Lufthansa buys its initial minority stake. At 0.3 times projected 2023 revenue of 2.5 billion euros, the overall price tag is cheaper than the 0.5 times Lufthansa currently trades at, and also than the 1 billion euro-plus levels mooted last year. But Lufthansa CEO Carsten Spohr is still scooping up a supposed national treasure at an undemanding price.

☆ Novartis names Sandoz board members ahead of spin-off
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

ZURICH, May 15 (Reuters) - Novartis (NOVN.S) on Monday named the intended new board members of Sandoz, the generics business it plans to spin off to shareholders later this year. The Basel company approved the recommendations of Sandoz Chairman-designate Gilbert Ghostine for the 10 members of the board, which will start preparatory work in June. Others to be appointed to the board include former Novartis executive Karen Huebscher, Aarti Shah, who worked at Eli Lilly (LLY.N), and Deutsche Lufthansa (LHAG.DE) CFO Remco Steenburgen. Unilever (ULVR.L) Chief Legal Officer Maria Varsellona, and former Procter & Gamble (PG.N) executive Yannis Skoufalos, complete the nominations to the committee. "The Sandoz Board of Directors will start preparatory work from June onwards and will be effective following the planned spin-off of Sandoz in the second half of 2023, subject to Novartis Board of Directors and shareholder approval," Novartis said on Monday.

☆ Lufthansa sees earnings boost from strong summer travel
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Sees strong demand for summer travelConfirms 2023 outlookQ1 adj EBIT loss 273 mln euros, in line with consensusQ1 revenues up 40% at 7.02 bln eurosFRANKFURT, May 3 (Reuters) - German airline group Deutsche Lufthansa (LHAG.DE) said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets. "The continuously strong demand gives us confidence for the coming months," finance chief Remco Steenbergen said on Wednesday. Lufthansa said it still expects to post a significant year-on-year improvement in adjusted earnings before interest and tax (EBIT) for the full year 2023. For the first quarter, it posted an adjusted EBIT loss of 273 million euros ($300.96 million), improved from a 577 million loss in the year-earlier period and broadly in line with analyst consensus for 279 million. Revenues jumped 40% to 7.02 billion euros in the three months through March, though the figure fell short of consensus for 7.57 billion.

☆ Lufthansa Bids to Buy Stake in Alitalia’s Successor, Betting on Air Travel Recovery
▼ + stars: | 2023-01-18 | by ( Mauro Orru | Benjamin Katz | ) www.wsj.com time to read: 1 min

Lufthansa wants to expand in Italy because of its importance as one of Europe’s biggest economies and most popular vacation destinations. Germany’s Deutsche Lufthansa AG said it had submitted a bid to buy a stake in ITA Airways, the Italian carrier formerly known as Alitalia, in a bet on the continued recovery in air travel. Lufthansa said Wednesday it was seeking exclusive talks with the Italian government to initially acquire a minority stake in ITA Airways, with an option to buy the remaining shares at a later date. The move comes after a consortium including Air France-KLM Group and Delta Air Lines Inc. failed to reach a deal to buy a stake in ITA after entering talks last year.

☆ Startups Want to Help Airlines Prevent Tech Meltdowns
▼ + stars: | 2023-01-14 | by ( Belle Lin | ) www.wsj.com time to read: +7 min

Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by the use of antiquated and siloed technology at Southwest Airlines Co. and the Federal Aviation Administration. Photo: JIM VONDRUSKA/REUTERSSanta Clara, Calif.-based Couchbase Inc., founded in 2011, said it helped United Airlines Holdings Inc. modernize its operations by providing a cloud-based database for its crew-scheduling software. United declined to comment on its operations technology. Airlines generate a massive amount of data every year from their aircraft, passengers, suppliers and internal operations. Gurobi Optimization LLC, a company that develops mathematical-optimization software for industries including aviation, said it provides optimization technology for airlines such as Air France-KLM.

☆ SWISS airline cabin crew to get pay rises of up to 18%
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Dec 8 (Reuters) - Cabin crew at airline SWISS will get pay rises of 4% to 18% under a new five-year contract agreed at the unit of Deutsche Lufthansa (LHAG.DE), the two sides said on Thursday. Rank-and-file members of the kapers union still need to sign off on the terms agreed in negotiations on a collective labour agreement (CLA), but the airline and union leaders hailed the deal that follows accords with SWISS ground and cockpit staff. The monthly starting salary will rise to 4,000 Swiss francs ($4,255) from January, and existing salaries will increase by at least 4% for all salary levels, the company said in a statement. "All in all, the improvements agreed under CLA23 will cost SWISS some 100 million Swiss francs in additional investment over the next five years," it said. ($1 = 0.9401 Swiss francs)Reporting by Michael ShieldsOur Standards: The Thomson Reuters Trust Principles.

☆ German investor Kuehne boosts stake in Lufthansa to 10%
▼ + stars: | 2022-04-11 | by ( ) www.reuters.com time to read: +1 min

ZURICH, April 11 (Reuters) - German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany's flag carrier Lufthansa (LHAG.DE) to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had earlier boosted his stake in Lufthansa to 5% about a month ago, becoming the airline's second-biggest shareholder behind the German government, according to Refinitiv data. Kuehne Holding AG has acquired a stake of 10% in Deutsche Lufthansa AG on the market via a wholly owned German subsidiary, the holding company owned by Klaus-Michael Kuehne said. "The investment in Deutsche Lufthansa represents an excellent rounding off of the existing portfolio, in which logistical knowhow is bundled through various independent holdings," Kuehne was quoted as saying in the statement. The German billionaire is also the controlling shareholder of Swiss logistics firm Kuehne & Nagel (KNIN.S) and has a 30% stake in container shipping company Hapag-Lloyd AG (HLAG.DE).

☆ Авиакомпании Европы сокращают перевозки из-за пандемии COVID-19
▼ + stars: | 2020-10-31 | by ( ) ehomd.info time to read: 1 min

В Европе резко сократится число рейсов из-за роста количества инфицированных COVID-19, передает «Евразийская Молдова». Как сообщает Air France, компания осуществила 35% рейсов от показателя за 2019 год в текущем квартале против ранее запланированных 50%. International Consolidated Airlines Group SA Великобритании сократит объем перевозок до 30% от показателя за 2019 год против ранее запланированного сокращения до 40%. Deutsche Lufthansa SA сообщила, что приостановит полеты еще 125 самолетов и сократит объем авиаперевозок до четверти от показателя прошлого года. Компания отказалась от изначальной цели достичь 50% регулярных рейсов к концу 2020 года.

Organizations: KLM, International Consolidated Airlines Group SA, Deutsche Lufthansa SA, Евразийская Молдова, Air France, KLM, International Consolidated Airlines Group SA, Deutsche Lufthansa SA Locations: Air France, Европа, Великобритания

Search resuls for: "Deutsche Lufthansa"

11 mentions found