Lufthansa weighs cancelling Frankfurt-Beijing route due to competition [Yahoo! Finance Canada]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
Company Research
Source: Yahoo! Finance Canada
BERLIN (Reuters) - Germany's Lufthansa is evaluating whether to cancel its daily Frankfurt-to-Beijing flights as increased competition, particularly from China, and higher costs of doing business in Europe hit its bottom line, a spokesperson said on Friday. "Lufthansa is continuously evaluating and optimising its entire route network," said a Lufthansa spokesperson. A final decision on whether to cut the connection from Frankfurt, Germany's busiest airport, will be made in October, said the spokesperson. Lufthansa will operate a daily flight from Munich, Germany's second-busiest airport, to Beijing. Chinese airlines have been gaining market share on international routes as foreign airlines are deterred by weak China travel demand, rising costs and extended flight times because of the need to avoid Russian airspace. European airlines are in unequal competition with China, as well as with airlines from the Gulf and the Bosporus, which benefit from low location costs and social
Show less
Read more
Impact Snapshot
Event Time:
DLAKY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DLAKY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DLAKY alerts
High impacting DEUTSCHE LUFTHANSA S/ADR news events
Weekly update
A roundup of the hottest topics
DLAKY
News
- ITA expects higher full-year revenue as it prepares to join Lufthansa group [Yahoo! Finance]Yahoo! Finance
- Low-Paid Workers Seek Contract Gains At Delaware North And LSG Sky Chefs [Forbes]Forbes
- More airlines cancel Beirut, Lebanon flights as Israel-Hezbollah conflict escalates [FOX Business Network]FOX Business Network
- US Embassy in Lebanon urges Americans there to 'book any ticket available' on few remaining departing flights [FOX Business Network]FOX Business Network
- Lebanon Flights Suspended As Hezbollah-Israel Tensions Soar [Barron's]Barrons