Lufthansa : Results slightly-better-than anticipated but a slow recovery expected
>Q2 broadly in line with highest expectations - Lufthansa Group has reported Q2 2020 earnings, generally in line with upper bound forecasts, as the consensus is highly dispersed. Despite significant cost reductions, adjusted EBIT totalled -€ 1,679m (ODDO BHF: -€ 1,660m; consensus average:-€ 1,961m), compared to a € 754m adjusted EBIT in Q2 2019, 1% below our expectations and 14% above those of the consensus. Sales this quarter are down 80% y-o-y, mostly generated by ...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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