Lufthansa shares continue to fall: lowest level since October 2022

Lufthansa shares continue to fall: lowest level since October 2022

Lufthansa shares continued their downward trend after disappointing profit forecasts were published the day before. On Tuesday, the shares slipped further and temporarily reached their lowest level since October 2022. They are currently down 2.77 percent in the weak overall market and are trading at 6.38 euros. The shares have been in a continuous decline since the beginning of December 2023, having already lost more than a fifth of their value since the beginning of the year.

The large number of strikes in air transport has affected Lufthansa's profit plans, which led to the reduction of the profit forecast for the current year. Analysts disagree about the future development of the airline. Johannes Braun from Stifel sees positive booking trends and expects operating profit in the second half of the year to increase compared to the previous year. He still recommends buying Lufthansa shares. In contrast, Harry Gowers from JPMorgan is skeptical and rates the stock “Underweight”. He emphasizes that the airline's forecast was worse than expected and advises caution when investing.

Lufthansa shares are still in decline and investors are closely watching developments following the profit warning. The impact of the strikes in air transport has meant that the airline has had to lower its profit forecast for the current year. Analysts' opinions vary, with some optimistic about future booking trends while others advise caution and emphasize the negative impact of the forecast cut. The decision to buy or sell Lufthansa shares therefore remains uncertain given the current situation on the stock market.