The Lufthansa Group delivered underlying FY20 results which beat the market, thanks to better cost control, and aims to reach cash breakeven by next year. Its encouraging forecast with a clear recovery roadmap is another positive. However, today’s share price is negatively impacted by Germany’s announcement of a lockdown extension, especially noting the group’s considerable dependence on long-haul revenues.
04 Mar 2021
Improved cash management and constructive recovery plans
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Improved cash management and constructive recovery plans
The Lufthansa Group delivered underlying FY20 results which beat the market, thanks to better cost control, and aims to reach cash breakeven by next year. Its encouraging forecast with a clear recovery roadmap is another positive. However, today’s share price is negatively impacted by Germany’s announcement of a lockdown extension, especially noting the group’s considerable dependence on long-haul revenues.