Deutsche Börse: Lufthansa verpasst Aufstieg in den Dax
Die deutsche Airline muss weiter auf ihre Rückkehr in den Leitindex warten. In den Nebenwerteindizes MDax und SDax kommt es dagegen zu Änderungen.
Frankfurt - The German benchmark index Dax remains unchanged without Lufthansa, the airline which is a founding member of the index. This is the second consecutive time the airline has missed the chance to return to the top tier of German stock exchanges. Lufthansa had missed the mark in March and June as well. The company has remained in the secondary MDax index.
In 2020, Lufthansa fell out of the index due to ongoing issues during the COVID-19 pandemic. The pandemic led to a worldwide decline in passenger traffic, causing the airline to suffer billions in losses and require a state bailout. The shares hit a record low of just over five euros. Although the price is now at 7.71 euros, it is still far from its peak of 22 euros at the end of 2017/2018.
The sector remains challenging, with conflicts in Ukraine and Iran leading to air space restrictions, flight cancellations, and soaring jet fuel costs.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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