Deutsche Lufthansa has secured final European Union approval for its acquisition of ITA Airways following the acceptance of proposed concessions. The agreement involves strategic slot allocations, with easyJet receiving new opportunities for short-haul routes from Rome and Milan, particularly at Linate airport. Meanwhile, International Airlines Group and Air France-KLM will benefit from long-haul concessions. This development marks the completion of regulatory requirements for the transaction’s Brussels approval, representing a significant milestone in Lufthansa’s expansion strategy.
Market Response and Share Performance
The market’s reaction to the acquisition approval has been subdued, with Lufthansa’s stock experiencing a marginal decline of 0.2 percent to €6.30. Despite this landmark deal, the airline’s shares remain significantly below their 52-week peak of €8.59. However, market Analysts maintain an optimistic outlook, projecting a median price target of €7.26. Recent financial performance indicators show a slight earnings decline, with earnings per share dropping from €1.00 to €0.92 compared to the previous quarter, reflecting ongoing industry challenges.
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Deutsche Lufthansa Stock: New Analysis – 01 December
Fresh Deutsche Lufthansa information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.
Read our updated Deutsche Lufthansa analysis…
Deutsche Lufthansa has secured final European Union approval for its acquisition of ITA Airways following the acceptance of proposed concessions. The agreement involves strategic slot allocations, with easyJet receiving new opportunities for short-haul routes from Rome and Milan, particularly at Linate airport. Meanwhile, International Airlines Group and Air France-KLM will benefit from long-haul concessions. This development marks the completion of regulatory requirements for the transaction’s Brussels approval, representing a significant milestone in Lufthansa’s expansion strategy.
Market Response and Share Performance
The market’s reaction to the acquisition approval has been subdued, with Lufthansa’s stock experiencing a marginal decline of 0.2 percent to €6.30. Despite this landmark deal, the airline’s shares remain significantly below their 52-week peak of €8.59. However, market Analysts maintain an optimistic outlook, projecting a median price target of €7.26. Recent financial performance indicators show a slight earnings decline, with earnings per share dropping from €1.00 to €0.92 compared to the previous quarter, reflecting ongoing industry challenges.
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Fresh Deutsche Lufthansa information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.