Lufthansa : The negative surprises on CASK are now a thing of the past
>Yields prove resilient and capacity rationing secures the trend - After a 24.7% increase in passenger yields in Q2 vs FY 2019 (+13.1% y-o-y), comments on the continued favourable price momentum in Q3 (already 70% sold) and the reduction in capacity on Q4, prompt us to raise our estimates for yields of c.1% to € 9.7 for FY 2023. Whilst management expects this favourable environment to continue in 2024 thanks to the discipline on capacity forced by the delay to the del...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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