Deutsche Lufthansa AG

Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
  • Ticker823212
  • ISINDE0008232125
  • SectorTravel & Leisure
  • CountryGermany

Analysts

DEUTSCHE LUFTHANSA AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of DEUTSCHE LUFTHANSA AG (DE), a company active in the Airlines industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 16, 2019, the closing price was EUR 22.16 and its potential was estimated at EUR 24.63.

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Marked pressure on unit revenues in Q1 but an astonishingly visible recovery in prospect as early as Q2

>Q1 2019 worse than expected ... - Lufthansa yesterday evening reported its operating loss for Q1 2019 ahead of schedule, due to the gap with consensus expectations. Adjusted EBIT came in at -€ 336m (vs +€ 52m in Q1 2018) vs our estimate of -€ 260m and the consensus of -€ 186m. Aside from the sharply higher fuel bill of € 202m (in line with our model of € 218m), the company underlined the consequences of overcapacity in Europe and on the German market for tariff level...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Forte pression sur la recette unitaire au T1 mais un redressement étonnamment visible dès le T2

>Un T1 2019 pire qu’attendu… - Lufthansa a publié hier soir par anticipation sa perte opérationnelle du T1 2019 compte tenu de l’écart avec les anticipations du consensus. L’EBIT ajusté ressort à -336 M€ (vs +52 M€ au T1 2018) contre notre attente de -260 M€ et celle du consensus de -186 M€. Au-delà de l’envolée de la facture carburant de 202 M€ (en ligne avec notre modélisation de 218 M€), la société souligne les conséquences des surcapacités en Europe et sur le marc...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/16/2019

The outperformance from banks in January was eroded before turning in March (post-ECB capitulation) into an underperformance (1.5% at 12 April). The banking sector’s fundamentals remain complicated but a less worrying macroeconomic environment and especially the recognition by the ECB of the side effects of negative rates argue in favour of a temporary outperformance. The ECB’s new tone opens the door to the "fantasy" of a rebound in the interest margin (negative TLTRO rate?). This id...

Alain William ...
  • Alfred Glaser
  • Aurelien Sivignon
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/04/2019

La surperformance des banques de janvier s’est érodée avant de se transformer en mars (post capitulation BCE), en sous-performance (1.5% au 12/4). Les fondamentaux du secteur bancaire restent compliqués mais une macroéconomie moins inquiétante et surtout la reconnaissance par la BCE des effets secondaires des taux négatifs plaident pour une surperformance transitoire. Le ton nouveau de la BCE ouvre la porte au « fantasme » d’un rebond de la marge d’intérêt (TLTRO taux négatif ?). Cett...

Deutsche Lufthansa Aktiengesellschaft - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Deutsche Lufthansa Aktiengesellschaft: Lufthansa's stronger than expected 2017 results are credit positive; deleveraging much faster than anticipated

Lufthansa's 2017 financial results significantly improved compared to 2016 and were stronger than we anticipated.

Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM) 14 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Deutsche Lufthansa Aktiengesellschaft : Acquisition of parts of Air Berlin's business is credit positive as it improves Lufthansa's scale and market position

CORPORATES ISSUER COMMENT 16 October 2017 Contacts Mario Santangelo +44.20.7772.8623 Associate Managing Director [email protected] Sven Reinke +44.20.7772.1057 Senior Vice President [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Deutsche Lufthansa Aktiengesellschaft Acquisition of parts of Air Berlin

Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM) 30 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-15 FYE Dec-16 LTM Jun-17

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Marked pressure on unit revenues in Q1 but an astonishingly visible recovery in prospect as early as Q2

>Q1 2019 worse than expected ... - Lufthansa yesterday evening reported its operating loss for Q1 2019 ahead of schedule, due to the gap with consensus expectations. Adjusted EBIT came in at -€ 336m (vs +€ 52m in Q1 2018) vs our estimate of -€ 260m and the consensus of -€ 186m. Aside from the sharply higher fuel bill of € 202m (in line with our model of € 218m), the company underlined the consequences of overcapacity in Europe and on the German market for tariff level...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Forte pression sur la recette unitaire au T1 mais un redressement étonnamment visible dès le T2

>Un T1 2019 pire qu’attendu… - Lufthansa a publié hier soir par anticipation sa perte opérationnelle du T1 2019 compte tenu de l’écart avec les anticipations du consensus. L’EBIT ajusté ressort à -336 M€ (vs +52 M€ au T1 2018) contre notre attente de -260 M€ et celle du consensus de -186 M€. Au-delà de l’envolée de la facture carburant de 202 M€ (en ligne avec notre modélisation de 218 M€), la société souligne les conséquences des surcapacités en Europe et sur le marc...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/03/2019

...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Streamlining of capacity and self-help on unit costs will bring greater optimism

>Unit revenues: the base of comparison is difficult in H1 but the skies are much clearer in H2 - The message on passenger unit revenues came across as cautious in H1 2019 due to: i/ the continuation, in the first few months of the year, of the bearish trends visible at the end of last year (-3% in Q4 with -4.9% in Europe and -14.8% in South America); and ii/ demanding bases of comparison in H1 (RASK growth of +1.2% in Q1 2018 and +1.3% in Q2). The message was also eva...

1 director bought

A director at Deutsche Lufthansa Ag bought 12,500 shares at 22.680EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/16/2019

The outperformance from banks in January was eroded before turning in March (post-ECB capitulation) into an underperformance (1.5% at 12 April). The banking sector’s fundamentals remain complicated but a less worrying macroeconomic environment and especially the recognition by the ECB of the side effects of negative rates argue in favour of a temporary outperformance. The ECB’s new tone opens the door to the "fantasy" of a rebound in the interest margin (negative TLTRO rate?). This id...

Alain William ...
  • Alfred Glaser
  • Aurelien Sivignon
  • Delphine Brault
  • Jean Sassus
  • Jerôme Bodin
  • Olfa Taamallah
  • Samantha Jeary
  • Steven Gould
  • Sylvain Goyon
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 16/04/2019

La surperformance des banques de janvier s’est érodée avant de se transformer en mars (post capitulation BCE), en sous-performance (1.5% au 12/4). Les fondamentaux du secteur bancaire restent compliqués mais une macroéconomie moins inquiétante et surtout la reconnaissance par la BCE des effets secondaires des taux négatifs plaident pour une surperformance transitoire. Le ton nouveau de la BCE ouvre la porte au « fantasme » d’un rebond de la marge d’intérêt (TLTRO taux négatif ?). Cett...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/02/2019

En dépit d’une restructuration en profondeur (opérationnelle et financière), les multiples de valorisation de Veolia demeurent proches des niveaux historiques moyens. Le groupe a significativement réduit ses zones de risques industriels et bénéficie de son positionnement commercial renouvelé. L’optimisation va se poursuivre sur le moyen terme et alimenter la performance, avec une croissance externe ciblée. Si un risque de ralentissement macroéconomique existe, il ne se reflète pas enc...

DEUTSCHE LUFTHANSA AG sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of DEUTSCHE LUFTHANSA AG (DE), a company active in the Airlines industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 16, 2019, the closing price was EUR 22.16 and its potential was estimated at EUR 24.63.

Deutsche Lufthansa

Deutsche Lufthansa

Deutsche Lufthansa

Deutsche Lufthansa

MarketLine Department

Swissport International Ltd. - Strategy, SWOT and Corporate Finance Report

Swissport International Ltd. - Strategy, SWOT and Corporate Finance Report Summary Swissport International Ltd. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Swissport International Ltd. (Swissport) is a provider of ground and cargo handling services to the aviation industry. The company’s portfolio of services includes station management, passenger services,...

MarketLine Department

Kenya Airways PLC - Strategy, SWOT and Corporate Finance Report

Summary Kenya Airways PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Kenya Airways PLC (Kenya Airways), formerly known as Kenya Airways Limted is the flagship carrier. The company is focused on providing both passenger and cargo air transport services. Its portfolio of fleet includes B777-200ER, B787-800, B737-800, B737-700, B737-300, B737-300F, Embraer 190...

MarketLine Department

Finnair Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Finnair Oyj - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Finnair Oyj Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Finnair Oyj since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undert...

MarketLine Department

Korean Air Lines Co Ltd - Strategy, SWOT and Corporate Finance Report

Korean Air Lines Co Ltd - Strategy, SWOT and Corporate Finance Report Summary Korean Air Lines Co Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Korean Air Lines Co., Ltd. (Korean Air) is a provider of passenger and cargo air transportation services. The company’s aircraft include Boeing 747-400, Boeing 777-300, Boeing 777-300ER, Boeing 777-200ER, Boeing 7...

MarketLine Department

Norwegian Air Shuttle ASA - Strategy, SWOT and Corporate Finance Report

Norwegian Air Shuttle ASA - Strategy, SWOT and Corporate Finance Report Summary Norwegian Air Shuttle ASA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Norwegian Air Shuttle AS (Norwegian) is a low cost airline operator. The company, together with its subsidiaries, operates scheduled domestic and international passenger flights. Norwegian operates through a f...

Expert Corporate Governance Service (ECGS)

Deutsche Lufthansa - AGM 07 May 2019

Item 6: Approval is sought for the new remuneration system for the Management Board which is applicable since financial year 2019. The new remuneration system is considered as an improvement compared to the previous remuneration system due to a reduction of complexity and the introduction of share ownership guidelines. However, we have concerns over the increase in the base salary of the CEO by 18%, which we consider as inadequately high, as well as over the absolute level and structure of remuneration being paid to Management Board members: The maximum total remuneration (excluding pension be...

Lufthansa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.30. The background trend would be questioned should prices rise above €23.50.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,30 €. La tendance de fond serait remise en cause en cas de franchissement de 23,50 €.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,300 €. La tendance de fond serait remise en cause en cas de franchissement de 23,500 €.

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.300. The background trend would be questioned should prices rise above €23.500.

Jérôme VINERIER

Analyse moyen terme - LUFTHANSA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch