Lufthansa : Demande finale sous pression et forte dégradation de la génération de FCF
>Un T2 finalement meilleur qu’attendu grâce aux coupes sur le long-courrier d’Eurowings… - Si l’EBIT ajusté du T2 2019 est ressorti 2.6% au-delà des attentes à 754 M€ (-24.6%) pour des ventes en hausse de 3.6%, l’écart est à mettre au crédit de l’arrêt de l’expansion sur le long-courrier chez Eurowings (+0.3% vs +15.6% au T1) qui a permis de limiter le recul de la recette unitaire à -2.1% (vs -8%e). En dehors de cet élément, les chiffres sont en ligne avec les attente...Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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