Lufthansa shares knocked by Eurowings expansion deals

Lufthansa shares knocked by Eurowings expansion deals
 

Shares in Lufthansa (LHAG.DE) fell to a four-year low on Thursday on concerns its plans to boost its low-cost Eurowings brand by leasing Air Berlin (AB1.DE) planes would neither lower costs nor head off larger rivals.
Lufthansa has said it wants to turn Eurowings into Europe's third low-cost airline behind Ryanair (RYA.I) and easyJet (EZJ.L). The lease deal announced on Wednesday along with Lufthansa's decision to buy the rest of Brussels Airlines will provide planes for that expansion.
Analysts said, however, that a deal to lease Air Berlin planes and crews for short-haul routes next... read more

 
29 September 2016 in Business, Views: 33
Source: Reuters
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