Shares in Lufthansa dipped 1.0% yesterday, as investors digested a huge amount of activity at the German carrier. Its takeover of Austrian Airlines aside, the carrier reports “there is no improvement” in Business class demand and it is still seeing customers switching from premium to economy seats. However, Lufthansa has seen the decline is Business class demand "stabilise".
Meanwhile, Lufthansa has been expanding its commercial cooperation with JetBlue Airways. The two carriers signed a codeshare agreement to initially offer a connecting service between 12 JetBlue destinations in the US and Puerto Rico, and Lufthansa's network of 180 destinations in Europe, the Middle East, Africa and Asia. In Jan-2008, the two airlines entered into an agreement under which Lufthansa purchased a 19% ownership interest in JetBlue.
Europe selected airlines daily share price movements (% change): 31-Aug-09
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.