Lufthansa share continues to decline and falls to the Dax-end

At the end of the Dax, the papers, declined by a further 5.6 percent to 12.33 euros, bringing the losses since Thursday of last week summed up to almost 20 perc

Lufthansa share continues to decline and falls to the Dax-end

At the end of the Dax, the papers, declined by a further 5.6 percent to 12.33 euros, bringing the losses since Thursday of last week summed up to almost 20 percent. The European travel and tourism sector declined in this period, a good 13 percent. The Lufthansa share price fell below the lows of August 2019 to its lowest level in three years. Lufthansa 12,28 EUR -0,79 (-6,01%) Xetra

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To justified the price data

Analyst Daniel Roeska of Bernstein Research, the heavy losses in European Airline shares, that investors have placed in front of the losses, apparently on contain the spread of the Coronavirus in the Region of Asia. The question is now, whether it is on the stock exchanges to panic selling, or a reasonable response to a foreseeable weaker demand for flights.

No abnormalities in searches for holidays and flights

trend surveys via Google documented so far, no conspicuous decline of searches for holidays and flights in the major European markets, the expert said. Only in the case of a long-term and emotional reporting in the media was to be expected with a noticeable Slackening of this demand. This is now in Hong Kong, where because of the Covid-19-outbreak corresponding Google Search returns are gone.

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hyo/dpa
Date Of Update: 27 February 2020, 12:00
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