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Deutsche Lufthansa AGOTCQX
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  • Mon, Dec. 5, 10:27 AM
    • Polish and company authorities say that Lufthansa (OTCQX:DLAKY) and General Electric (GE) will jointly invest some €250M in Poland to build an advanced plant servicing aircraft engines to be operational in 2018.
    • The facility will test and repair state-of-the-art engines for Boeing 747-8 jumbo jets for Lufthansa and for other airlines. Some 600 jobs are expected to be created as a result.
    | Mon, Dec. 5, 10:27 AM | 5 Comments
  • Wed, Nov. 30, 3:52 AM
    • Lufthansa (OTCQX:DLAKY) is now facing its sixth day of strikes and has been forced to cancel an additional 890 short and long-haul flights.
    • With the walkouts costing an estimated €10M-€15M a day, Lufthansa is considering comments by Germany's VC union stating it would be willing to resume talks if a pay increase of around 5% were used as a basis for negotiations.
    | Wed, Nov. 30, 3:52 AM | 1 Comment
  • Tue, Nov. 29, 3:03 AM
    • A Munich court has rejected Lufthansa's (OTCQX:DLAKY) request to issue a temporary injunction to prevent yet another strike by German pilots union VC over a long-standing pay dispute.
    • The airline warned that an additional walkout, planned for today and tomorrow, could result in the cancellation of a further 1,700 flights.
    | Tue, Nov. 29, 3:03 AM
  • Mon, Nov. 28, 2:47 AM
    • Lufthansa (OTCQX:DLAKY) pilots have called for renewed strikes this week. The German VC union will stage a 2-day walkout this Tuesday and Wednesday after talks with management broke down amid a longstanding clash over pay.
    • Last week, 2,800 flights more than 350,000 passengers were impacted by the industrial action. The labor unrest so far is estimated to have cost Lufthansa more than $20M.
    | Mon, Nov. 28, 2:47 AM
  • Sun, Nov. 27, 8:02 AM
    • Lufthansa (OTCQX:DLAKY) has canceled 35 flights for Sunday as the fallout from a four-day strike by pilots over pay spilled into a fifth day.
    • The additional cancellations announced by the airline pushed the number of flights grounded since the walkout started to nearly 2,800, with more than 350,000 passengers affected.
    • Lufthansa said via Twitter that all flights would start on schedule on tomorrow, as there was no strike call so far.
    | Sun, Nov. 27, 8:02 AM
  • Fri, Nov. 25, 3:35 AM
    • Lufthansa (OTCQX:DLAKY) pilots are extending strike action until Saturday and targeting long-haul flights, further raising pressure on management in a long-running pay dispute.
    • The airline has already grounded nearly 1,800 flights since pilots represented by the Vereinigung Cockpit union went on strike on Wednesday, disrupting travel plans for more than 315,000 passengers.
    | Fri, Nov. 25, 3:35 AM
  • Thu, Nov. 24, 2:41 AM
    • Lufthansa (OTCQX:DLAKY) pilots in Germany are extending a strike that began on Wednesday until Friday, ratcheting up pressure on management in a long-running pay dispute.
    • The walkout has already grounded 1,800 flights at one of Europe's largest airlines, affecting more than 215,000 passengers.
    • Update: Lufthansa says the damage from two days of strike action will be around €20M and could hurt its medium term bookings.
    • Previously: Another pilot strike at Lufthansa (Nov. 23 2016)
    | Thu, Nov. 24, 2:41 AM
  • Wed, Nov. 23, 3:11 AM
    • Lufthansa (OTCQX:DLAKY) has been forced to cancel 876 of 3,000 scheduled flights Wednesday as Germany's pilots union goes on a two-day strike. It's the 14th walkout to plague the airline in a long-running pay dispute.
    • The canceled flights include 51 intercontinental flights and will affect some 100K passengers, including at least seven U.S.-bound flights one day ahead of the Thanksgiving holiday.
    | Wed, Nov. 23, 3:11 AM
  • Tue, Nov. 22, 8:58 AM
    • Lufthansa (OTCQX:DLAKF, OTCQX:DLAKY) canceled 876 flights today due to a one-day strike by pilots.
    • The company says the work stoppage affected plans for 100K passengers.
    • Lufthansa has asked a German court for a temporary injunction to force the pilots back to the job.
    | Tue, Nov. 22, 8:58 AM | 2 Comments
  • Mon, Nov. 21, 3:58 PM
    • Lufthansa (OTCQX:DLAKF, OTCQX:DLAKY) pilots are set to strike tomorrow.
    • The one-day strike is intended to ratchet up pressure once again in the union's long dispute with the German airline company.
    | Mon, Nov. 21, 3:58 PM
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTC:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Wed, Nov. 2, 9:13 AM
    | Wed, Nov. 2, 9:13 AM
  • Wed, Nov. 2, 7:42 AM
    • Ryanair (NASDAQ:RYAAY) announces it will start service from Frankfurt Airport in the summer of 2017.
    • The airline anticipates flying 400K passengers a years out of Frankfurt to tourist destinations in Portugal and Spain.
    • The company will invest $200M to base aircraft at the German airport.
    • The development is seen as a competitive pressure for Lufthansa (OTCQX:DLAKF, OTCQX:DLAKY).
    | Wed, Nov. 2, 7:42 AM | 3 Comments
  • Wed, Nov. 2, 5:16 AM
    • Shares have been down for seven straight sessions in Europe and today's trend may not change as investors react to more corporate earnings.
    • Germany's Lufthansa (OTCQX:DLAKY) announced its adjusted earnings before interest and taxes fell 6.5% in Q3, while Denmark's Maersk (OTCPK:AMKAF) reported quarterly profits that slumped 43% on lower freight prices.
    • Things aren't looking much brighter in the U.S. Futures are posting red signals after the Dow and S&P 500 broke below key levels on Tuesday due to more election uncertainty.
    • FTSE 100 -0.5%; CAC 40 -0.7%; DAX -0.9%.
    | Wed, Nov. 2, 5:16 AM
  • Fri, Oct. 28, 10:13 AM
    | Fri, Oct. 28, 10:13 AM | 1 Comment
  • Wed, Sep. 7, 2:31 AM
    • Deutsche Bank downgrades European airlines.
    • "Forward looking data is simply too weak. Nominal profitability remains at elevated levels due to oil but structural improvement to cost bases has been slow to materialize. Capacity is stubbornly high, demand risks are weighted to
      the downside and we see further pressure on pricing. In our view we need to see greater evidence of structural non-fuel cost improvement, margins to normalize for oil and/or the capacity outlook to improve before a re-rating is
      possible."
    • Downgrades Lufthansa to Sell from Hold. Air-France KLM to Sell from Hold. easyJet to Hold from Buy. Ryanair to Hold from Buy.
    | Wed, Sep. 7, 2:31 AM | 1 Comment