Lufthansa and AF-KLM blame weak Q1 cargo business for poor results
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with ...
It also lost the backing of key investors in the fourth quarter, which also plays a part in the investment case’s appeal, or the lack thereof, according to the bears. Consensus estimates point to very little residual upside from $76.7 a share, and I reiterate the view that a bite in the low $70s won’t give you sleepless night.
It’s hoarding cash on the balance sheet and debt levels aren’t problematic.
That said, it is hard to envisage any meaningful value levers ...
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