DLAKF News and Press, Deutsche Lufthansa AG From 06/15/23

2023-06-15 02:09:13 ET Summary DLAKF is well-positioned to benefit from the travel recovery and strong summer demand, with a robust balance sheet and net debt to EBITDA ratio below the industry average. I expect DLAKF to see improvements in unit costs and a surge in corporate volu...

2023-06-07 13:57:22 ET The Federal Aviation Administration on Wednesday issued a ground stop LaGuardia Airport in New York due to clouds of smoke obscuring the skies over the Northeast. A ground stop was instituted at 12:50PM ET at the New York hub for domestic flights and is du...

2023-06-06 20:20:20 ET Summary IATA has significantly increased its forecast profits for 2023. U.S. Global Jets ETF is not the desired way to capitalize on this as growth is driven by European airlines, which have low exposure in the ETF. North America remains a very strong re...

2023-06-05 08:09:27 ET The global airline sector received a shot of confidence from the International Air Transport Association, which announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. IATA forecast airline industry net prof...

2023-05-30 03:55:43 ET Summary The take-over of the Italian national airline makes strategic sense for Lufthansa Group but comes with significant execution risks. Despite a net loss in Q1 2023, Lufthansa Group's outlook for the year is positive. Current risk/reward ratio for n...

2023-05-15 08:57:02 ET Swiss drugmaker Novartis ( NYSE: NVS ) named a 10-member board on Monday for its Sandoz generics drug business ahead of its planned spinoff in H2 2023. The team led by Sandoz Chairman-designate Gilbert Ghostine is expected to begin preparatory work in June...

2023-05-08 17:35:09 ET Summary Lufthansa missed on topline but beat expectations on topline. Management indicated that analyst consensus for the full year is conservative. I am upgrading Lufthansa stock to buy on continued demand strength and supply constraints. Luft...

2023-05-08 05:26:56 ET Summary The company limited Q1 loss at €467 million and now estimates a record 2023 summer. Revenue was up 40% to €7.02 billion with an upgrade from S&P rating agency. Aside from the summer recovery, the group is confident for the whole...

2023-05-07 11:20:25 ET Deutsche Lufthansa AG (DLAKF) Q1 2023 Earnings Conference Call May 3, 2023 4:00 A.M. ET Company Participants Dennis Weber - Head of Investor Relations Carsten Spohr - Chief Executive Officer Remco Steenbergen - Chief Financial Officer ...

2023-05-03 03:49:46 ET Deutsche Lufthansa press release ( OTCQX:DLAKF ): Q1 GAAP EPS of -€0.35. Revenue of €7.02B (+40.4% Y/Y). Adjusted EBIT in the first quarter of 2023 came to -€273M (previous year: -€577M); the Adjusted EBIT margin was ...