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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Lufthansa AG    LHA   DE0008232125

DEUTSCHE LUFTHANSA AG

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Deutsche Lufthansa : Lufthansa to cut free snacks for economy passengers

11/17/2020 | 06:50am EST
FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport

BERLIN (Reuters) - German airline Lufthansa, slashing costs as it struggles to cope with the impact of the COVID-19 pandemic, said on Tuesday it will stop offering free snacks to economy class passengers from next spring.

The airline and its subsidiaries, Eurowings, Swiss, Austrian and Brussels Airlines, are cutting their schedules, fleet and staff, with air travel not expected to recover to pre-pandemic levels before 2025.

"Our current snack offer in economy class does not always meet the expectations of our guests," Christina Foerster, executive board member, said in a statement.

Instead, Lufthansa and its subsidiaries will introduce a new range of food and drinks for sale on short and medium-haul flights, with Austrian airlines starting the new offer, followed by Swiss and Lufthansa.

Lufthansa and Swiss will also give passengers a complementary bottle of water.

Passengers on budget airlines such as Ryanair and Lufthansa's Eurowings, have long had to pay for their own snacks and drinks.

(Reporting by Emma Thomasson, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE LUFTHANSA AG 0.05% 10.52 Delayed Quote.-2.73%
RYANAIR HOLDINGS PLC 0.25% 15.8 Real-time Quote.-2.80%
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Financials
Sales 2020 14 736 M 17 794 M 17 794 M
Net income 2020 -5 715 M -6 901 M -6 901 M
Net Debt 2020 11 970 M 14 454 M 14 454 M
P/E ratio 2020 -0,95x
Yield 2020 0,02%
Capitalization 6 288 M 7 603 M 7 593 M
EV / Sales 2020 1,24x
EV / Sales 2021 0,81x
Nbr of Employees 124 534
Free-Float 81,8%
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Deutsche Lufthansa AG Technical Analysis Chart | LHA | DE0008232125 | MarketScreener
Technical analysis trends DEUTSCHE LUFTHANSA AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 23
Average target price 6,59 €
Last Close Price 10,52 €
Spread / Highest target 34,0%
Spread / Average Target -37,4%
Spread / Lowest Target -81,0%
EPS Revisions
Managers and Directors
NameTitle
Carsten Spohr Chairman-Executive Board & CEO
Karl-Ludwig Kley Chairman-Supervisory Board
Remco J. Steenbergen Chief Financial Officer
Roland Schütze Chief Information Officer
Christine Behle Deputy Chairman-Supervisory Board
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