Lufthansa in the sights of investors
Share value towards One-Year high; the plan to reach 2019 levels
According to a recent study by the Allianz Trade insurance Group, the main reason why airline ticket price is increasing worldwide is the scarce supply of new aircraft, with consequent delays even in deliveries. It is a phenomenon that characterizes the entire passenger transport sector. Said that, the strong demand for travel and the depreciation of fuel are making airlines crunch profits, which are today an excellent financial investment.
Just look, for example, at the performance of the Lufthansa Group share (value as at 4 July equal to 9.49 Euro), which recorded a +19.40% in the last six months. According to some financial analysts, even if in the last month the trend has flattened out (+2%), the airline's operating performance is good, for the reasons we mentioned above, therefore the company offers good medium-term prospects for an investment.
The German Group is now aiming to overcome the psychologically important obstacle of the 10 Euro per share, as already happened in the first days of March 2023 (the last time it happened in 2019). To achieve this result, investors see rosy prospects, also thanks to the restructuring plan developed by the company: after the sale of some assets such as catering, they are now looking for an investor to take over 20% of Lufthansa Technik, a division specializing in aircraft maintenance, which recorded record profits in 2022 (revenue of 5.6 billion Euros, adjusted operating profit +41%).
AVIONEWS - World Aeronautical Press Agency