Deutsche Lufthansa (OTC:DLAKY) Stock, Quote.Headers.trade-ideas

DEUTSCHE LUFTHANSA S

Deutsche Lufthansa

Lufthansa AG is a European airline group. The company's segments include passenger airlines, logistics, and MRO. The passenger airlines segment includes Lufthansa German Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, including the equity interest in SunExpress. Geographically, it derives a majority of its revenue from Europe.

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The U.S. Transportation Department has fined Lufthansa, KLM, and South African Airways $2.5 million for significant delays in issuing COVID-19-related refunds.

US Department Penalizes 3 Airlines With $2.5M In Fines For Slow COVID-19 Refunds

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Lufthansa temporarily stops flights to Tehran due to Middle East crisis. Safety top priority. Global tensions rise with potential retaliations.Aviation giant Lufthansa (OTC:DLAKY) temporarily ceased its flights to Tehran due to the ongoing crisis in the Middle East.

Lufthansa Puts A Temporary Halt On Flights To Tehran Citing Middle East Crisis

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Oil prices spiked on potential Iran attacks on Israel, following warnings from US and allies. Emergency preparations made by foreign missions.

US Warns Of Impending Iranian Strikes On Israeli Targets: Oil Rallies, Deutsche Lufthansa Stops Flights To And From Iran

DEUTSCHE LUFTHANSA S/ADR by Deutsche Lufthansa AG

Deutsche Lufthansa AG

On Monday, the U.S. Transportation Department <a target="_blank" href="https://www.transportation.gov/briefing-room/dot-secures-nearly-1-billion-refunds-airline-passengers-through-new-enforcement" rel="noreferrer noopener">announced</a> that it is assessing $2.5 million in civil penalties against three airlines for significant delays in issuing refunds owed to passengers due to COVID-19-related flight disruptions.
The affected airlines are Lufthansa (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKY#OTC">DLAKY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKF#OTC">DLAKF</a>), KLM Royal Dutch Airways (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KLMR#OTC">KLMR</a>), and South African Airways.
The U.S. Department stated that these penalties stem from delays in providing over $900 million in refunds to passengers whose flights were disrupted by the pandemic.
Passengers had to wait months for their refunds. Lufthansa and KLM each faced penalties of $1.1 million.
The DOT reported it had facilitated the return of nearly $4 billion in refunds and reimbursements to airline passengers, including over $600 million for those affected by the Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) holiday meltdown in 2022.
Reuters noted that in 2022, Transportation Secretary Pete Buttigieg revealed that the U.S. government had completed investigations into ten airlines regarding delayed pandemic passenger refunds, with another 10 investigations still pending.
The refund processing delays for Lufthansa passengers on U.S. flights extended beyond 100 days in 2020.
Lufthansa attributed the delays to an unprecedented volume of refund requests during the pandemic, describing the situation as handling &#8220;equivalent to the workload of two-and-a-half months every day.&#8221;
The German airline stated that between March 2020 and September 2022, it issued $5.3 billion in refunds, including $802 million to U.S. customers.
KLM explained that staffing and technical issues, compounded by the sheer number of refund requests, resulted in many customers waiting for months.
Despite this, KLM has implemented what it claims to be one of the most customer-friendly refund policies in the industry, refunding $84.15 million to U.S. customers who were not initially entitled to refunds.
South African Airways faced over 400 complaints for failing to make timely refunds. The state-owned airline, already struggling financially and on the verge of liquidation before entering bankruptcy protection in 2019, saw its situation worsen with the pandemic&#8217;s impact on air travel.

Lufthansa temporarily stops flights to Tehran due to Middle East crisis. Safety top priority. Global tensions rise with potential retaliations.
Aviation giant Lufthansa (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKY#OTC">DLAKY</a>) temporarily ceased its flights to Tehran due to the ongoing crisis in the Middle East.
What Happened: Lufthansa has temporarily ceased its flights to Tehran, Reuters reported. This decision comes in the wake of heightened alert across the Middle East following a suspected Israeli airstrike on the Iranian embassy in Syria.
The German airline&#8217;s flight suspension began on Apr. 6 and is expected to last until at least April 11. This move reflects the company&#8217;s commitment to safety, as stated by a Lufthansa spokesperson: &#8220;The safety of our guests and crew members is Lufthansa&#8217;s top priority.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38153901/trumps-legal-team-subpoenas-stormy-daniels-talks-with-michael-cohen-and-others-in-hush-money-case?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Legal Team Subpoenas Stormy Daniels&#8217; Talks With Michael Cohen And Others In Hush Money Case</a>
Amid these developments, an Iranian news agency erroneously reported the closure of Tehran&#8217;s airspace for military exercises, which was later retracted. The region remains tense <a href="https://www.benzinga.com/government/24/04/38031594/oil-at-6-month-high-as-alleged-israel-airstrike-on-damascus-fuels-concerns-over-wider-middle-east-co">since the Apr. 1 incident</a> where Israeli warplanes allegedly targeted the Iranian embassy in Syria, leading to the death of seven Iranian Revolutionary Guards, including a senior Quds Force commander.
While Austrian Airlines, a subsidiary of Lufthansa, is still scheduled for its Vienna-Tehran flight, there has been no update from other international airlines regarding their flights to Tehran. The situation remains delicate as global powers, including the United States, brace for potential retaliatory attacks by Iran or its proxies.
Why It Matters: Lufthansa&#8217;s suspension, one of the only two Western carriers flying to Tehran, underscores the seriousness of the current geopolitical tensions in the Middle East. Following the airstrike on the Iranian embassy, the U.S. has <a href="https://www.benzinga.com/markets/commodities/24/04/38192545/us-warns-of-impending-iranian-strikes-on-israeli-targets-oil-rallies-deutsche-lufthansa-stops">warned of potential Iranian strikes</a> on Israeli targets, leading to a sharp rally in oil prices. 
Iran&#8217;s supreme leader, Ayatollah Ali Khamenei, has also <a href="https://www.benzinga.com/news/24/04/38179382/iran-vows-retaliatory-action-against-israel-for-syria-embassy-attack-the-evil-regime-made-a-mistake">vowed retaliation against Israel,</a> stating that &#8220;The evil regime made a mistake and must be punished.&#8221; 
Read Next: <a href="https://www.benzinga.com/news/24/04/38137245/this-is-crazy-elon-musk-reacts-to-a-post-that-says-majority-of-us-states-dont-require-photo-id-to-vo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;This Is Crazy&#8217;: Elon Musk Reacts To A Post That Says Majority Of US States Don&#8217;t Require Photo ID To Vote</a>
Image: Shutterstock/ Markus Mainka.
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Oil prices rallied sharply by the end of the session, with Brent futures climbing 1.2% to surpass $90 a barrel, and West Texas Intermediate futures increasing by 1.1% to over $86 a barrel, amid heightened geopolitical <a href="https://www.benzinga.com/topic/middle-east">tensions in the Middle East</a>. 
The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) closed 1.2% higher. 
This spike in oil prices follows recent warnings from U.S. intelligence and its allies about potential Iranian strikes on Israeli targets, in retaliation for an Israeli airstrike that targeted an Iranian consulate in Damascus, <a href="https://www.benzinga.com/topic/middle-east">Syria earlier this week.</a>
Chart: Oil Prices Spiked After News Of Potential Iran&#8217;s Attacks On Israel
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33-1024x495.png" alt="" class="wp-image-286632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/10162604/image-33.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Escalating Conflict</h3>
According to <a href="https://www.bloomberg.com/news/articles/2024-04-10/us-sees-missile-strike-on-israel-by-iran-proxies-as-imminent?srnd=homepage-americas&amp;sref=TBDibEcD">Bloomberg</a>, the U.S. and its allies warn that Iran or its proxies could soon launch major missile or drone attacks on Israeli military and government sites, as a retaliation for an Israeli airstrike on an Iranian consulate in Damascus, Syria.
Israel has reportedly informed its Western allies that while government and military sites might be targeted, civilian facilities are not expected to be hit. In response to these threats, Israel is contemplating another ground offensive against Hamas in Gaza, particularly in Rafah, though the timing remains uncertain.
Ayatollah Ali Khamenei vowed Wednesday retaliation against Israel for its actions in Damascus.
Israeli Foreign Minister Israel Katz warned that if Iran were to launch attacks from its territory, Israel would strike back and heighten the risk of a further escalation of hostilities.
The war in Gaza, now in its sixth month, saw on Wednesday Israeli airstrikes resulting in the deaths of three sons of Hamas leader Ismail Haniyeh, along with four of his grandchildren. The Israeli military has confirmed these strikes, labeling the targets as operatives in Hamas&#8217;s armed wing.
<h3 class="wp-block-heading">Diplomatic and Corporate Reactions</h3>
In anticipation of further unrest, foreign diplomatic missions in Israel are making emergency preparations, including plans for possible evacuations. 
Reuters highlighted that Deutsche Lufthansa AG (OTCPK: DLAKY) has temporarily suspended flights to and from Tehran, citing the volatile situation in the Middle East.
Meanwhile, ceasefire efforts continue, as U.S. President Joe Biden has put forward a proposal for a six-week truce with Hamas, which would include the release of some hostages. 
President Joe Biden emphasized the urgency of this proposal, indicating that the resolution of the hostage situation hinges on Hamas&#8217;s response.
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Image: Shutterstock

More than 150 additional aircraft expected to be equipped with the European Aviation Network connectivity solution as Lufthansa Group continues to focus on exceptional passenger experience.&nbsp;

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Lufthansa Group Picks Viasat For In-Flight Connectivity Upgrades; No Terms Disclosed

Benzinga
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<li>As Detroit-based automaker&nbsp;Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) continues to reel under the impact of the&nbsp;United Auto Workers&nbsp;(UAW) union&#39;s strike in the U.S., Canada&#39;s&nbsp;Unifor&nbsp;union has ratified a new agreement with Ford of Canada.</li>
<li>Unifor said that most of its Ford members voted in favor of a new three-year collective agreement with Ford of Canada that includes a base hourly wage increase of up to 25%. Under the new contract, general wages would increase 10% in the first year, 2% in the second, and 3% in the third.</li>
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<li>In a historic move, WGA members reached a tentative agreement with entertainment companies that could reshape the industry landscape.</li>
<li>The deal, if accepted, will bring much-needed relief to a sector reeling from production shutdowns.</li>
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<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/09/34864031/amazon-invests-4-billion-in-chatgpt-competitor-ai-startup-anthropic" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Invests Up To $4 Billion In ChatGPT Competitor, AI Startup Anthropic</a>
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<li>Amazon.Com, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) has announced a strategic investment of up to $4 billion in Anthropic, an emerging AI company, as the e-commerce giant seeks to harness the potential of artificial intelligence in diverse applications across its business.</li>
<li>As part of this groundbreaking deal, Anthropic will leverage Amazon&#39;s custom-designed chips to develop and roll out its AI software. Amazon also intends to integrate Anthropic&#39;s cutting-edge technology into various products within its expansive portfolio.</li>
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<li>The Goodyear Tire &amp; Rubber Company&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gt#NASDAQ">GT</a>) has unveiled its intentions to redefine its operational presence in the Asia Pacific region, emphasizing Australia and New Zealand. The tire behemoth aims to transition from owning its establishments to embracing a third-party distribution and retail model.</li>
<li>This strategic shift will culminate in the shedding of around 700 roles, exit of nine warehouse sites, and the divestment or cessation of nearly 100 retail and fleet outlets. The company intends to share its broader plan with investors during the fourth quarter.</li>
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<li>Friday, The Centers for Disease Control and Prevention recommended the first respiratory syncytial virus (RSV) vaccine for pregnant people to protect their newborns from severe RSV illness.</li>
<li>This is the first fall and winter virus season, where vaccines are available for the three major respiratory viruses &ndash;COVID-19, RSV, and flu.</li>
<li>This new vaccine,&nbsp;Pfizer Inc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) bivalent RSVpreF vaccine (Abrysvo), has been shown to reduce the risk of RSV hospitalization for babies by 57% in the first six months after birth. Pfizer&#39;s vaccine, Abrysvo, is already approved and available in the U.S. for adults ages 60 and up.</li>
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<li>Mercedes Benz Group AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mbgaf#OTC">MBGAF</a>) has partnered with&nbsp;Mastercard Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ma#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MA</a>) to introduce embedded in-car payments at the point of sale.</li>
<li>Through the facility, customers will be able to use a fingerprint sensor in their car to make convenient and secure digital payments at more than 3,600 service stations in Germany.</li>
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<li>Novartis also said key regulatory approvals have been obtained, including the approval by SIX Exchange Regulation for listing the Sandoz shares on the SIX Swiss Exchange. The Sandoz shares will have the symbol SDZ, Novartis said.</li>
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<li>Oplinger succeeds Roy C. Harvey, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023.</li>
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<li>TransCode Therapeutics Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnaz#NASDAQ">RNAZ</a>) shares are trading higher after the company announced results with its lead therapeutic candidate, TTX-MC138, in murine models bearing human glioblastoma multiforme (GBM) tumors.&nbsp;</li>
<li>The therapeutic candidate showed lasting activity and significantly inhibited miRNA-10b, a driver of tumor progression in glioblastoma.</li>
</ul>
&nbsp;
NewYork Times
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/09/34843326/tyson-perdue-farms-under-investigation-over-disturbing-child-labor-allegations" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tyson, Perdue Farms Under Investigation Over Disturbing Child Labor Allegations</a>
<ul>
<li>The U.S. Labor Department has launched an investigation into alleged child labor violations at poultry-processing behemoths&nbsp;Tyson Foods&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsn#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSN</a>) and&nbsp;Perdue Farms.</li>
<li>The federal inquiry is examining whether the companies used migrant children to clean slaughterhouses, a hazardous job banned for minors by federal law.</li>
<li>The federal probe was triggered by a New York Times Magazine article detailing the employment of migrant children as young as 13 in overnight shifts at the companies&#39; plants in Virginia.&nbsp;</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34865577/chatgpt-introduces-verbal-responses-challenging-siri-and-alexa" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ChatGPT Introduces Verbal Responses, Challenging Siri And Alexa</a>
<ul>
<li>OpenAI, the pioneering artificial intelligence firm, has unveiled a new feature for its ChatGPT application, enabling the chatbot to respond to user queries verbally.&nbsp;</li>
<li>The enhancement will likely transform user interactions with the chatbot, making them more immersive and human-like.</li>
<li>The update, scheduled for rollout in the forthcoming weeks, will allow users to select from five distinct voice personas, including &quot;Juniper,&quot; &quot;Breeze,&quot; and &quot;Ember.&quot;&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/09/34852483/apples-ios-17-update-challenges-googles-search-engine-dominance" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple&#39;s iOS 17 Update Challenges Google&#39;s Search Engine Dominance</a>
<ul>
<li>John Giannandrea, previously a high-ranking executive at&nbsp;Alphabet Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>)&nbsp;Google&nbsp;and now leading&nbsp;Apple Inc&#39;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) artificial intelligence division, highlighted a subtle shift in the recent iPhone software update.&nbsp;</li>
<li>This change allows users to opt for a search engine other than Google&#39;s while using the internet in private mode.</li>
<li>The introduction of iOS 17 on Monday brought forth an option to select from multiple search engines, John Giannandrea mentioned during his testimony in a Washington federal court as part of the ongoing antitrust lawsuit against Google by the Justice Department.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/09/34864014/court-ruling-questions-lufthansa-offshoot-austrian-airlines-dubious-environmental-claims-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Court Ruling Questions Lufthansa Offshoot Austrian Airlines&#39; Dubious Environmental Claims</a>
<ul>
<li>In a recent court ruling,&nbsp;Austrian Airlines AG, a subsidiary of&nbsp;Deutsche Lufthansa AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>), faced backlash for making inaccurate environmental claims, specifically misleading eco-conscious passengers into believing their flights were wholly sustainable.</li>
<li>The controversy was sparked earlier this year when an Austrian consumer-protection body filed a lawsuit against Austrian Airlines. The airline&#39;s advertising suggested that its flights to an art exhibition in Venice, Italy, would be operated using 100% sustainable aviation fuel.</li>
</ul>

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Amazon Invests Up To $4B In ChatGPT Competitor, Hollywood Writers Accept Preliminary Deal, ChatGPT Challenges Siri And Alexa With Introduction Of Verbal Responses: Today's Top Stories

In a recent court ruling, Austrian Airlines AG, a subsidiary of Deutsche Lufthansa AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>), faced backlash for&nbsp;making inaccurate environmental claims, specifically misleading eco-conscious passengers into believing their flights were wholly sustainable.
The controversy was sparked earlier this year when an Austrian consumer-protection body filed a lawsuit against Austrian Airlines. The airline&#39;s advertising suggested that its flights to an art exhibition in Venice, Italy, would be operated using 100% sustainable aviation fuel.
Contrarily, a mere 5% of the fuel used for these flights came from renewable sources, as revealed by the details released by Austrian Airlines on its X account, <a href="https://www.bloomberg.com/news/articles/2023-09-25/austrian-court-rules-airline-mislead-with-green-flights-claims?srnd=premium-europe">reported </a>Bloomberg.
Following the ruling, Austrian Airlines was mandated to display a copy of the court&#39;s decision on its website and social media platforms, precisely where the contentious advertisement was previously posted. Furthermore, the airline is obligated to cover the legal fees incurred by the consumer-protection association.
In response, Austrian Airlines extended its acknowledgment of the judgment, expressing in an email that, &quot;It follows from the ruling that Austrian Airlines should have provided clearer information.&quot;
Price Action: DLAKY shares were down 5.35% at $8.14 at the time of publication Monday.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/09/34864058/nio-stock-is-sliding-monday-whats-going-on">Nio Stock Is Sliding Monday: What&#39;s Going On?</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Court Ruling Questions Lufthansa Offshoot Austrian Airlines' Dubious Environmental Claims: Report

Lufthansa Group Airlines (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>), one of Europe&#39;s largest airline conglomerates, has ventured into the <a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32244287/ethereum-network-gasps-for-air-nft-and-memecoin-boom-sends-gas-prices-through-the-roof">world of non-fungible tokens (NFTs)</a>.
The move by the air carrier underscores the rapid evolution of the digital asset landscape.
Such innovative developments in the intersection of blockchain and traditional industries are anticipated to be a central topic of discussion at the upcoming <a href="https://www.benzinga.com/events/digital-assets/?UTM_source=article">Benzinga&#39;s Future of Digital Assets Conference</a>.
The event promises to provide insights into the latest trends and advancements in the crypto realm, with <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34123835/secs-bitcoin-etf-denial-rejected-by-court-is-this-the-beginning-of-the-end-for-regulatory-">perspectives from industry frontrunners.</a>
While Lufthansa is not necessarily in the crypto space, it does have a loyalty program called Uptrip, which it developed in partnership with Lufthansa Innovation Hub and Miles &amp; More. The program allows passengers to convert their boarding passes into NFT trading cards through the app.
Once collected, these NFTs can be securely stored in users&#39; crypto wallets, with Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) proof-of-stake blockchain protocol.
<blockquote class="twitter-tweet">&#128747;Lufthansa&#39;s <a href="https://twitter.com/Uptrip_app?ref_src=twsrc%5Etfw">@Uptrip_app</a> loyalty program is building <a href="https://twitter.com/hashtag/onPolygon?src=hash&amp;ref_src=twsrc%5Etfw">#onPolygon</a> to turn flights into rewards 
�Collect NFT trading cards for every flight and claim rewards
Learn more about the new Miles &amp; More and <a href="https://twitter.com/LHInnovationHub?ref_src=twsrc%5Etfw">@LHInnovationHub</a> experience: <a href="https://t.co/MjQihK8xUx">https://t.co/MjQihK8xUx</a> <a href="https://t.co/JfUEoUJxNR">pic.twitter.com/JfUEoUJxNR</a>
&mdash; Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1697161129208819771?ref_src=twsrc%5Etfw">August 31, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Also Read:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34124109/bitcoin-defi-takes-off-as-interlay-launches-bob-the-first-evm-compatible-layer-2-network">Bitcoin DeFi Takes Off As Interlay Launches BOB, The First EVM-Compatible Layer 2 Network</a>
By amassing and combining different collections, passengers can avail of services like access&nbsp;airport lounge access,&nbsp;flight upgrades, and award miles.
Kristian Weymar, director at the Lufthansa Innovation Hub, emphasized the potential of Web3, stating, &quot;We make it possible for people to access this new technology.&quot;
Christopher Siegloch, Head of Program Development at Miles &amp; More, added that the gamification elements of Uptrip introduce users to Web3 technologies, such as NFTs, in an enjoyable manner.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34125369/bitcoin-dogecoin-now-on-robinhood-wallet-as-demand-for-crypto-soars">Bitcoin, Dogecoin Now On Robinhood Wallet As Demand For Crypto Soars</a>

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How Lufthansa Is Using NFTs To Reward Passengers

CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33018458/chatgpt-vs-baidus-ernie-bot-chinese-tech-giant-says-ernie-beat-chatgpt" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ChatGPT Vs. Baidu&#39;s Ernie Bot - Chinese Tech Giant Says Ernie Beat ChatGPT</a>
<ul>
<li>Baidu Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>) said the artificial intelligence model underpinning its chatbot outperformed OpenAI&#39;s ChatGPT in several key areas.</li>
<li>The Chinese search engine firm has publicly tested the Ernie Bot in China since the company revealed it in March.&nbsp;</li>
<li>Baidu said Ernie 3.5 surpassed ChatGPT in several benchmark tests. ChatGPT is based on OpenAI&rsquo;s GPT 3.5 model.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/33019112/ford-conducts-engineering-jobs-cut-in-us-canada-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ford Conducts Engineering Jobs Cut In US, Canada</a>
<ul>
<li>Ford Motor Co&nbsp;F reportedly plans to commence layoffs this week in its engineering sections in the U.S. and Canada.</li>
<li>The job loss is expected to affect all three of its business units.</li>
<li>The move comes as the auto manufacturing giant seeks to cut costs to realign its operations.</li>
<li>In its filing in May, Ford said it expected to take between $1.5 billion and $2 billion in charges for employee separations and supplier settlements.</li>
</ul>
&nbsp;
TechCrunch
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33019156/metas-whatsapp-business-soars-past-200m-users-boosts-ad-and-payment-capabilities" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Meta&#39;s WhatsApp Business Soars Past 200M Users, Boosts Ad And Payment Capabilities</a>
<ul>
<li>Meta Platforms, Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) WhatsApp Business app, designed specifically for small businesses, has exceeded 200 million monthly active users &mdash; up from 50 million in 2020.</li>
<li>Today, WhatsApp Business users can create &quot;click-to-WhatsApp&quot; ads without a Facebook account.</li>
<li>Sellers can create, purchase, and publish ads for Facebook and Instagram directly from within the app.</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/23/06/33015970/robinhood-to-cut-7-of-its-full-time-staff-after-two-rounds-of-layoffs-in-past-year" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Robinhood To Cut 7% Of Its Full-Time Staff After Two Rounds Of Layoffs In Past Year</a>
<ul>
<li>Robinhood Markets Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) is cutting about 7% of its full-time staff in response to a slowdown in customer trading activity and reduced customer engagement.</li>
<li>The company is making these layoffs to adjust to volumes and align team structures. The decrease in customer trading activity and engagement could be attributed to factors such as higher costs of commodities and a downturn in the cryptocurrency market.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33019148/general-dynamics-rheinmetall-compete-for-45b-us-army-vehicle-contract-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">General Dynamics, Rheinmetall Compete For ~$45B US Army Vehicle Contract</a>
<ul>
<li>General Dynamics Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gd#NYSE">GD</a>) and American Rheinmetall reportedly compete to replace the Bradley fighting vehicle, a tracked armored fighting vehicle platform.</li>
<li>The U.S. Army had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle in a deal that could be worth more than $45 billion to the winner.</li>
<li>The proposed platform has been named the XM30 Mechanized Infantry Combat Vehicle.</li>
</ul>
TotalEnergies&#39; Uganda And Tanzania Projects Face Lawsuit By Activist Groups
<ul>
<li>TotalEnergies SE&nbsp;TTE got sued by five activist groups for a second time for its Uganda and Tanzania projects in a Paris civil court.&nbsp;</li>
<li>The French and Ugandan activist groups accused the French oil major company of environmental hazards from its Tilenga oil development and the $3.5 billion East African Crude Oil Pipeline.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/33018511/former-audi-boss-sentenced-in-volkswagen-diesel-scandal-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Former Audi Boss Sentenced In Volkswagen Diesel Scandal</a>
<ul>
<li>Former Chairman of&nbsp;Volkswagen&nbsp;(OTC:&nbsp;VWAGY) owned Audi, Rupert Stadler, has been given a suspended sentence of one year and nine months by a German court for fraud by negligence.</li>
<li>The sentence for the 2015 diesel scandal has made Stadler the first former Volkswagen board member to get a sentence,</li>
<li>He was fined &euro;1.1 million ($1.20 million) towards the state treasury and non-governmental organizations.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33018703/shareholders-back-nissan-leadership-despite-surveillance-controversy-and-renault-deal-strains" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shareholders Back Nissan Leadership Despite Surveillance Controversy and Renault Deal Strains</a>
<ul>
<li>Nissan Motor Co, Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsanf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSANF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsany#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSANY</a>) shareholders re-elected its CEO and other board nominees on Tuesday at an annual meeting amid internal discord.</li>
<li>The Japanese automaker is investigating claims that CEO Makoto Uchida conducted surveillance of his deputy Ashwani Gupta. The shareholder meeting follows a new deal with alliance partner&nbsp;Renault SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rnlsy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RNLSY</a>), causing additional strain between Uchida, who supported the agreement, and Gupta, who had concerns about specific terms.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33018103/virgin-galactic-sets-date-for-1st-commercial-spaceflight-in-line-with-schedule" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Virgin Galactic Sets Date For 1st Commercial Spaceflight After Long Wait</a>
<ul>
<li>Richard Branson&#39;s&nbsp;space travel company&nbsp;Virgin Galactic Holdings Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spce#NYSE">SPCE</a>), said it would start commercial spaceflight with&nbsp;Galactic 01, expected to launch on June 29.</li>
<li>Virgin Galactic will embark on a research mission for the Italian Air Force as its first commercial mission. The crew includes personnel from the Italian Air Force and the National Research Council of Italy.</li>
<li>Col. Walter Villadei,&nbsp;Lt.Col. Angelo Landolfi, and&nbsp;Pantaleone Carlucci&nbsp;will board VSS Unity for a 90-minute flight and conduct 13 scientific research experiments, Galactic said in a statement.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33017879/lordstown-motors-files-for-bankruptcy-protection" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Lordstown Motors Drives Into Bankruptcy After Foxconn Investment Fallout</a>
<ul>
<li>EV maker&nbsp;Lordstown Motors Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ride#NASDAQ">RIDE</a>) filed for bankruptcy protection on Tuesday following a drawn-out dispute over a $170 million investment with Foxconn.</li>
<li>The company said it started the sale process for its Endurance all-electric pickup truck and other related assets and has filed litigation against&nbsp;Hon Hai Precision Industry Co Ltd&nbsp;and its affiliate&nbsp;Foxconn Ventures Pte Ltd&nbsp;in the U.S. Bankruptcy Court for the District of Delaware.</li>
<li>Foxconn failed to live up to its financial commitments, thereby damaging the company and its prospects.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/06/33018677/second-most-prevalent-bacterial-sexually-transmitted-infection-gsks-gonorrhea-vaccine-secures-fda" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Second Most Prevalent Bacterial Sexually Transmitted Infection: GSK&#39;s Gonorrhea Vaccine Secures FDA Track</a>
<ul>
<li>The FDA has granted Fast Track designation to&nbsp;GSK plc&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsk#NYSE">GSK</a>) investigational vaccine for Neisseria gonorrhea. The vaccine is currently in an ongoing Phase 2 trial.</li>
<li>The trial aims to demonstrate proof of concept by assessing the vaccine&#39;s efficacy in healthy adults aged 18 to 50, considered at risk of gonorrhea.</li>
<li>Gonorrhea is the second most prevalent bacterial sexually transmitted infection worldwide, with an estimated 82 million new cases yearly.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/33018037/thomson-reuters-buys-casetext-to-up-the-ai-game" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Thomson Reuters Buys Casetext To Up The AI Game</a>
<ul>
<li>Thomson Reuters Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tri#NYSE">TRI</a>) inked a deal to acquire Casetext for $650 million in cash.</li>
<li>Casetext is a California-based technology provider for legal professionals and uses advanced AI and machine learning to aid them in offering higher-quality representation to clients.&nbsp;</li>
<li>The acquisition will complement Thomson Reuters&#39; AI roadmap and build on its recent initiatives.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33017988/alibabas-freshippo-targets-hong-kong-ipo-marks-its-first-spin-off-listing" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Alibaba&#39;s Freshippo Targets Hong Kong IPO, Marks Its First Spin-Off Listing</a>
<ul>
<li>Alibaba Group Holding Limited&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) grocery arm,&nbsp;Freshippo, will likely go public on the Hong Kong stock exchange by mid-November.&nbsp;</li>
<li>The IPO would make it the first Alibaba subsidiary to list independently after its highly publicized restructuring plans.&nbsp;</li>
<li>Freshippo offers&nbsp;Walmart Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/wmt#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">WMT</a>) Sam&#39;s Club-like supermarket experience with a dine-in restaurant and 30-minute home delivery.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/06/33020653/walgreens-boots-stock-plunges-after-q3-earnings-heres-why" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walgreens Boots Stock Plunges After Q3 Earnings&nbsp;</a>
<ul>
<li>Walgreens Boots Alliance Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) Q3 FY23 sales increased 8.6% Y/Y to $35.4 billion, up 8.9% on a constant currency basis, beating the consensus of $34.25 billion.</li>
<li>Q3 reported EPS was $0.14, a decrease of $0.20 from the year-ago quarter. Adjusted EPS increased 3.3% to $1.00, up 3.6% on a constant currency basis, reflecting a 19.5% headwind from significantly lower COVID-19 vaccine and testing volumes, missing the consensus of $1.07.</li>
<li>Walgreens has lowered its FY23 adjusted EPS guidance to $4.00-$4.05 from the previous $4.45 - $4.65 (versus the consensus of $4.45) to account for consumer and category conditions, lower COVID-19 contribution, and a more cautious macroeconomic forward view.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/06/33020546/manchester-united-clocks-11-revenue-growth-in-q3-boosts-outlook-ahead-of-potential-sale" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Manchester United Clocks 11% Revenue Growth In Q3; Boosts Outlook Ahead Of Potential Sale</a>
<ul>
<li>Manchester United PLC&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/manu#NYSE">MANU</a>) reported third-quarter FY23 sales growth of 11.3% year-on-year to&nbsp;$206.53 million&nbsp;(&pound;170 million), beating the analyst consensus of $173.69 million.</li>
<li>Adjusted basic loss per share for the period narrowed to (7.41) pence versus (13.75) pence last year. Adjusted EPS loss of $(0.09) missed the consensus of $(0.05).</li>
<li>Manchester raised FY23 revenue guidance to &pound;630 million - &pound;640 million from &pound;590 million - &pound;610 million previously.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/33021174/whats-going-on-with-delta-air-lines-shares-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Delta Air Lines Investor Day 2023: Revises FY23 Outlook, Reiterates FY24 Targets</a>
<ul>
<li>Delta Air Lines Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) revised its FY23 outlook and reiterated its FY24 targets in its Investor Day 2023 presentation.</li>
<li>The airline mentioned that the air travel revenue is returning to Long-Term Trend, with Industry Revenue to, from, and within the U.S. as % of GDP.</li>
<li>The historical average was 1.3%, for 2022, it reached 1.2%, and for FY23, it is estimated to reach 1.3%.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/33020230/lufthansa-begins-critical-week-of-negotiations-with-pilot-union-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Lufthansa Begins Critical Week Of Negotiations With Pilot Union</a>
<ul>
<li>German carrier&nbsp;Deutsche Lufthansa AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlakf#OTC">DLAKF</a>) reportedly has entered decisive talks with its pilots&#39; union.</li>
<li>Lufthansa enters decisive talks with its pilots&#39; union as the German airline races to reach an agreement by the end of the week to avert the threat of a strike during the crucial summer travel season.</li>
<li>Last week, Lufthansa presented an offer to the union, which labor officials rejected as &quot;absolutely insufficient.&quot;</li>
</ul>

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Baidu Says Ernie Bot Beats ChatGPT, Meta's WhatsApp Business Soars Past 200M Users, Walgreens Earnings Disappointment: Today's Top Stories

German carrier&nbsp;Deutsche Lufthansa AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlakf#OTC">DLAKF</a>) reportedly has entered decisive talks with its pilots&#39; union.
Lufthansa enters decisive talks with its pilots&#39; union as the German airline races to reach an agreement by the end of the week to avert the threat of a strike during the crucial summer travel season,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-06-27/lufthansa-enters-crunch-week-of-talks-with-pilot-union?srnd=premium-europe&amp;sref=TBDibEcD#xj4y7vzkg" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Bloomberg</a>.
Last week, Lufthansa presented an offer to the union, which labor officials rejected as &quot;absolutely insufficient.&quot;
Lufthansa and the VC pilots&#39; union are meeting on Tuesdays, Wednesdays, and Fridays to resolve a salary and working conditions dispute, mentioned the report.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/06/32833338/united-airlines-soars-high-with-8b-promise-will-pilots-buckle-up-for-a-smooth-landing" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">United Airlines Soars High with $8B Promise: Will Pilots Buckle Up for a Smooth Landing?</a>
If an agreement isn&#39;t landed by Friday, the union will have the option of balloting members on strike action.
The leadership is determined to avoid a repeat of a labor dispute with pilots that raged for a decade and resulted in more than a dozen separate strikes, hundreds of delayed flights, and over &euro;500 million in costs until the two sides reached an agreement, stated the report.
Price Action:&nbsp;DLAKY shares closed at $9.98 on Monday.

Equities

Lufthansa Begins Critical Week Of Negotiations With Pilot Union: Report

On Friday, shares of Deutsche Lufthansa (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) experienced volatile short activity. After the activity, the stock price went up +1.33% to $9.93.
The overall sentiment for DLAKY has been Bullish.
The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Increase Short Exposure.
The volatility alert was produced on the prior trading date, 6/2/2023 with a volatility change of +95.29%. The current volatility indicator stands at 8.54.
Overview: 
The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.
Understanding the Volatility Alert: 
Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.
ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

Short Ideas

Trading Ideas

Short Volatility Alert: Deutsche Lufthansa

Ryanair (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>)&nbsp;shares are trading relatively flat during the trading session on Monday morning; as the company releases its fiscal year 2023 results to the public, some investors may be taking a breather before deciding the direction of the company and the stock as a result. In addition, some analysts have lost faith in the European airline operator after lowering their price targets a few months ago.
However, today&#39;s entire picture looks a lot different in a positive way, leading some to think that these targets may be raised again to their former glory and above.
As industry volumes start to pick up, looming competition in part from names like&nbsp;Deutsche Lufthansa (OTCMKTS: DLAKY)&nbsp;is felt and voted in by financial markets. While Lufthansa is currently trading on a price-to-earnings ratio of 12.5x versus Ryanair&#39;s 13.1x, this does not necessarily imply more or less potential; it is simply a vote.
This vote merely translates into investors willing to pay a higher premium for Ryanair&#39;s current (and future) underlying earnings over those of Lufthansa. They would be wise to do so considering the trends the company is experiencing and is poised to continue to ride on.
<h3>The Recovery Play</h3>
Ryanair&#39;s website hosts a monthly &quot;key stats&quot; section, where investors can gauge the company&#39;s activity levels by analyzing trends in metrics such as the number of passengers, load factors, and customer satisfaction stemming from the percentage of on-time flight schedules. For example, over a twelve-month basis, volumes have increased by a 7% as measured by the number of passengers, 16 million in April 2023 versus 14.2 million a year prior.
This metric, compared on a month-to-month period, will serve better justice to the improving trends the company is experiencing. For example, March of 2023 saw only 12.6 million passengers, 21% lower than April&#39;s 16 million volume, amplifying one of the foundational reasons investors should take advantage of the next flight up RYAAY stock. &nbsp;
As these volumes increased, trends enabled management to report a 124% revenue increase within their earnings&nbsp;press release. Outperforming bearish expectations are only the beginning, as the company overcame a 355 million Euro loss in the first quarter of 2022 to report a 1.43 billion Euro net income a year later. Of course, these benefits trickled down to investors as earnings per share improved from a loss of 0.21 euros to a gain of 1.16 Euros per share. The highlighted trends contributing to these positive results lie within a 74% increase in total traffic, a 10% increase in fares over pre-COVID levels, optimized cost structures, and expansionary CAPEX leading to increased market share in the region.
<h3>All in the Numbers</h3>
As&nbsp;Ryanair analyst ratings&nbsp;point to a low double-digit upside target from today&#39;s stock prices, there are reasons to believe that conservative assumptions lead to these targets. As of the first quarter of 2023, free cash flows stood at nearly 2 billion euros, a 62% increase year over year; investors could start to expect no further share dilutions needed to finance the company&#39;s operating losses. As operating expenses declined by a massive 75% from management initiatives to boost margins, investors can be reassured that their financial well-being is kept in mind.
Fuel and oil costs were down by an impressive 113%. However, investors should not be as impressed, considering oil prices are virtually out of management&#39;s control. What is more important to note is the double-digit cost reductions across all the other items, which command can and did have a direct hands-on effect.
Staff costs were reduced by 53% as layoffs were implemented, and efficiency was a key management measure this year. As Ryanair expands and rejuvenates its fleet, its subsequent maintenance and repairs expenses have come down from previous levels, these items saw a 46% reduction during the measured twelve-month period.
These heating trends have no end in sight, as management is replenishing - and expanding - its fleet of airplanes as if expecting sustained demand shortly. Within its earnings&nbsp;presentation, management announced its order placement for 300 MAX-10 jets from&nbsp;Boeing (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>). Considering that Boeing is experiencing&nbsp;increased<a href="https://www.marketbeat.com/originals/boeings-april-delivery-decline-sparks-new-deals/?focus=NYSE:BA" rel="noopener" target="_blank">&nbsp;</a>order backlogs from various airline operators, it is safe to assume that Ryanair is also poised to ride on industry-wide tailwinds.&nbsp;
As&nbsp;Ryanair charts&nbsp;show, the stock is attempting a breakout from previous resistance/support levels within the $90-$95 per share range. Considering it has held up nicely above these levels, investors could reasonably expect further analyst rating upgrades amid bullish results, which should also aid in the subsequent price rally in the stock.
The article &quot;<a href="https://www.marketbeat.com/originals/can-ryanair-stock-fly-above-resistance-levels-what-earnings-show/">Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show</a>&quot; first appeared on MarketBeat.
Image by&nbsp;<a href="https://unsplash.com/@lucas_davies">Lucas Davies</a>&nbsp;on <a href="https://unsplash.com/photos/jpHDJGqLJrY">Unsplash</a>

Earnings

Travel

Analyst Ratings

RYAAY

Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show

Guidance

Lufthansa Expects Further Progress Towards Achieving The Targets Set For 2024; Earnings To Be Particularly Strong In The Quarters Two And Three

Lufthansa Expects Demand For Air Tickets To Remain Strong In The Current Year

Lufthansa Q4 Total Revenue Up 52% To €8.877B; EPS €0.26 Vs €(0.45) Loss Last year

Deutsche Lufthansa (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKY#OTC">DLAKY</a>) is set to give its latest quarterly earnings report on Friday, 2023-03-03. Here's what investors need to know before the announcement.
Analysts estimate that Deutsche Lufthansa will report an earnings per share (EPS) of $0.35. 
Deutsche Lufthansa bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Deutsche Lufthansa's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td></td>
<td>-0.20</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.68</td>
<td>0.23</td>
<td>-0.55</td>
<td>-0.51</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.59%</td>
<td>4.08%</td>
<td>0.0%</td>
<td>-7.4%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Deutsche Lufthansa were trading at $10.51 as of February 28. Over the last 52-week period, shares are up 64.73%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/DLAKY/earnings">To track all earnings releases for Deutsche Lufthansa visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Deutsche Lufthansa

<ul>
<li>On Wednesday, German carrier&nbsp;Deutsche Lufthansa AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) reported widespread cancellations and grounding of its group flights due to a glitch in the airline&#39;s computer systems.</li>
<li>The reason for the failure was unclear.</li>
<li>&quot;There is a group-wide IT system failure,&quot; a Lufthansa spokesperson was reported as saying. The company said it is investigating the matter and taking measures to resolve it soon.&nbsp;</li>
<li>Several flights were canceled, with no exact number of affected flights given at this point. Systems for check-in as well as for boarding were affected,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-02-15/lufthansa-says-it-system-issues-causing-widespread-cancellations?srnd=premium&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>&nbsp;Bloomberg.</li>
<li>Photos and videos from several airports across Germany showed chaos, with thousands of stranded passengers waiting to be checked in.</li>
<li>The airline expects flight operations to stabilize by early evening.</li>
<li>The company, in all, has around 700 aircrafts.</li>
<li>In a&nbsp;<a class="editor-rtfLink" href="https://twitter.com/Lufthansa_DE/status/1625811151899557888?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1625811151899557888%7Ctwgr%5E100c4f550d2cb198fc8ff2a97959aaea60130c6c%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-02-15%2Flufthansa-says-it-system-issues-causing-widespread-cancellations" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">tweet</a>, Lufthansa said, &quot;Currently, the airlines of the Lufthansa Group are affected by an IT outage. This is causing flight delays and cancellations. We regret the inconvenience this is causing our passengers.&quot;</li>
<li>The IT system failure comes two days ahead of planned strikes at seven German airports, which are expected to lead to major disruption.</li>
<li>Photo via Wikimedia Commons</li>
</ul>

Lufthansa Faces Widespread Flight Cancellations, Delays Due To 'IT Outage'

<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/09/28878569/us-railway-companies-unions-reach-tentative-agreement-averting-a-catastrophic-strike" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">US Railway Companies, Unions Reach Tentative Agreement Averting Catastrophic Strike</a>
<ul>
<li>Today morning, the rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and the economy, after 20 hours of talks. Railroad stocks gained after the news.</li>
<li>The tentative deal averts a freight railroad strike that had threatened to cripple the U.S. supply chains and push prices higher for many goods.&nbsp;</li>
<li>The potential strike by the U.S. rail workers threatens to delay consumer goods sailing from China, affecting global supply chains trying to recover from disruptions due to the pandemic and the Ukraine-Russia war.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/09/28876313/tesla-is-considering-this-big-change-in-china-focus-to-be-on-stores-in-less-expensive-suburban-locat" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Rethinks China Sales Strategy, Wants To Wind Down Stores In Flashy Malls</a>
<ul>
<li>Tesla Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is re-evaluating how it sells electric cars in China and is considering winding down some showrooms in flashy malls in cities like Beijing that witnessed a slump in traffic during pandemic restrictions.&nbsp;</li>
<li>China is Tesla&#39;s second-largest market.</li>
<li>The shift would focus more on stores in less-expensive suburban locations that can also provide repairs. The move comes in the wake of Tesla working to meet&nbsp;Elon Musk&#39;s&nbsp;target of improving service for existing customers, many of whom have complained of long delays.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/09/28877491/swiss-competition-commission-investigates-novartis-patent-use-to-fend-off-competition" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Swiss Competition Commission Investigates Novartis&#39; Patent Use To Fend Off Competition</a>
<ul>
<li>The Swiss competition commission (COMCO) has initiated an investigation against&nbsp;Novartis AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) over the alleged unlawful patent use to reduce competitive pressure.</li>
<li>&quot;The company allegedly attempted to protect its drug for the treatment of skin diseases against competing products by using one of its patents to initiate litigation proceedings,&quot; COMCO said.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/entertainment/22/09/28876185/netflix-show-narco-saints-irritates-suriname-government-threatens-legal-action" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Netflix Could Face Legal Action Over South Korean Crime Drama In Suriname: What You Should Know</a>
<ul>
<li>Suriname is considering legal action against the producers of South Korea&#39;s hit&nbsp;Netflix Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nflx#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NFLX</a>) series&nbsp;&quot;Narco-Saints,&quot;&nbsp;which it believes fosters negative images of the nation by portraying it as a &quot;narco-state.&quot;&nbsp;</li>
<li>The show, based on real-life events from about two decades ago, narrates the story of a man who joins a secret mission to capture a Korean drug lord operating in Suriname.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28877464/lufthansa-explores-partial-sale-of-aircraft-business-as-it-battled-strikes-workforce-shortage" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Lufthansa Explores Partial Sale Of Aircraft Business As It Battled Strikes, Workforce Shortage</a>
<ul>
<li>Deutsche Lufthansa AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/dlaky#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DLAKY</a>) looks to talk with private equity investors in December regarding a partial sale of its aircraft maintenance business Lufthansa Technik.</li>
<li>The board aimed for a &euro;6 billion - &euro;8 billion valuation.</li>
<li>Since the Covid-19 outbreak, the aviation sector has been in complete disruption. Airlines had to boost their battle plans to counter this summer&#39;s travel turmoil due to a perfect storm of strikes and workforce crisis.</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/09/28876325/amazon-faces-regulatory-heat-for-its-anticompetitive-strategies-regarding-third-party-sellers-wholes" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Faces Regulatory Heat For Anticompetitive Strategies On Third-Party Sellers, Wholesalers</a>
<ul>
<li>California state attorney general prosecuted&nbsp;Amazon.com, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) for allegedly inflating prices, stifling competition, and violating the antitrust laws with third-party sellers&#39; and wholesalers&#39; contracts.</li>
<li>A 2020 investigation triggered the lawsuit. Attorney General Rob Bonta sought to halt Amazon policies that prevented merchants from offering lower prices through competitors&#39; websites.</li>
<li>The wholesalers were subjected to penalties lest Amazon lowered its prices to match those of competitors, and its profit margin fell below a specified minimum.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28876252/tesla-vs-fisker-vs-rivian-vs-lucid-analyst-weighs-in-on-ev-makers-as-adoption-shift" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Vs. Fisker Vs. Rivian Vs. Lucid: Analyst Weighs In On EV Makers As Adoption Shifts To Top Gear</a>
<ul>
<li>The adoption of electric vehicles is progressing at a faster-than-expected rate, given automakers&#39; thrust to EV transitioning, governments&#39; mandates to ban ICE vehicles, and massive capital infusion into the space sector, an analyst at&nbsp;Needham,&nbsp;said in a note.</li>
<li>Needham&#39;s&nbsp;Vikram Bagri&nbsp;upgraded&nbsp;Tesla Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsla#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSLA</a>) shares from Underperform to Hold as part of transitioning primary coverage from analyst&nbsp;Rajvindra Gill.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/09/28874755/coinbase-scores-politicians-on-how-pro-crypto-they-are" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Coinbase&#39;s New Feature Rates Politicians Based On How Pro-Crypto They Are</a>
<ul>
<li>Crypto exchange&nbsp;Coinbase Global Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) is rating political candidates on their outlook towards cryptocurrencies in a new feature on its mobile app.</li>
<li>In a series of tweets on Wednesday, Coinbase CEO&nbsp;Brian Armstrong&nbsp;said the cryptocurrency exchange&#39;s new integration would give its 103 million users a way to gauge the crypto sentiment of political leaders across the U.S.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/09/28877687/shell-appoints-wael-sawan-as-successor-to-longtime-ceo-ben-van-beurden" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Shell Appoints Wael Sawan As Successor To Longtime CEO Ben van Beurden</a>
<ul>
<li>Shell Plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shel#NYSE">SHEL</a>) has named Wael Sawan, the company&#39;s head of integrated gas and renewables, as its next chief executive, as longtime CEO Ben van Beurden will step down.</li>
<li>Mr. van Beurden was already a 30-year veteran of Shell when he was promoted to CEO in 2014.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28876609/google-parent-alphabet-shutters-half-of-product-innovation-projects-amid-r-d-pivot-to-this-hot-techn" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Parent Slashes Projects At Product Innovation Unit By 50% Amid Pivot To Artificial Intelligence</a>
<ul>
<li>Alphabet Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/goog#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOG</a>) (NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/googl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GOOGL</a>) has told the employees at its in-house R&amp;D division, aka Area 120, that the number of incubator projects is being cut from 14 to seven.</li>
<li>Google has since then reportedly confirmed the development in a statement to the media outlet.</li>
<li>Employees at the shelved projects have been asked to find new jobs within the company by the end of January 2023 or face the prospect of termination.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28875617/teslas-this-hard-to-break-competitive-moat-could-be-challenged-by-gm-ford-and-other" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Has A &#39;Competitive Moat&#39; In This Area &mdash; Ford, GM Now Have A Chance Of Breaking It, Thanks To Biden: Analyst</a>
<ul>
<li>According to a Wedbush analyst, the Biden administration&#39;s incentives for electric-vehicle charging infrastructure will help address a significant shortcoming faced by the EV industry.</li>
<li>The U.S. government announced $900 million in grants for EV chargers across 35 states as part of the $7.5 billion in funding allocated through the &quot;Inflation Reduction Act&quot; passed in August, analyst&nbsp;Daniel Ives&nbsp;said in the note.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28875649/bizarre-glitch-leads-to-apple-website-looking-like-craigslist" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Apple Website Briefly Looked Like &#39;Craigslist&#39; As It Suffers Peculiar Glitch</a>
<ul>
<li>Apple Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) website and Store appeared to suffer from technical glitches at 12:39 a.m. EDT Thursday.</li>
<li>The website&#39;s home page was noted as loading, but it did not feature any images, and there was no clarity on the nature of the technical issue that affected it.</li>
<li>Real-time problem and outage monitoring service Downdetctor&#39;s data indicated that Apple Store &mdash; operated on the website &mdash; saw outages peak on Wednesday around 11 p.m. EDT.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28878374/ford-reveals-new-mustang-with-gas-engine" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ford Unveils Seventh-Generation Mustang ICE - What Are The New Features?</a>
<ul>
<li>Ford Motor Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) has unveiled its next-generation Mustang sports car to appease sports car enthusiasts.</li>
<li>The new Mustang has two new engines, a 2.3-liter EcoBoost and the Mustang GT&#39;s most powerful 5.0-liter Coyote V8 ever.</li>
<li>&quot;Investing in another generation of Mustang is a big statement at a time when many of our competitors are exiting the business of internal combustion vehicles,&quot; said CEO Jim Farley.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/09/28876983/vitalik-buterin-weighs-in-on-celsisus-66-surge-following-ethereum-merge" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">As Ethereum Merge Happens, Another Crypto Sees Unexpected 66% Rally: Vitalik Buterin Says &#39;Celsius&#39; Converted To &#39;Fahrenheit&#39;</a>
<ul>
<li>The native token of the&nbsp;Celsius Network&nbsp;(CEL/USD) unexpectedly rallied 66% immediately after the&nbsp;Ethereum&nbsp;(ETH/USD) Merge, confusing many market participants.</li>
<li>CEL surged from around $1.9 to a high of $3 within 60 minutes of the Ethereum Merge on Sept. 15.</li>
<li>Some traders reported that CEL reached higher levels on certain crypto exchanges, with one account of the token hitting $6.08 on&nbsp;OKX&nbsp;and another saying that the token breached the $8 mark on&nbsp;Huobi.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/09/28878582/walmart-launches-virtual-try-on-feature-for-shoppers" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Be Your Own Model - Walmart Launches New Virtual Try-On Feature For Shoppers</a>
<ul>
<li>Walmart Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/wmt#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">WMT</a>) has rolled out a virtual try-on tool to bring the in-store fitting room experience to online shoppers.</li>
<li>The experience allows customers to use their photos to visualize better how the clothing will look on them.</li>
<li>With Be Your Own Model, a customer sees an ultra-realistic simulation with shadows, fabric draping, and where clothing falls on their figure in seconds.</li>
</ul>
Photo via Pixabay

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Lufthansa Explores Partial Sale Of Aircraft Business As It Battles Strikes, Workforce Shortage

Since the Covid-19 outbreak first emerged, the aviation sector has been in complete turmoil. Airlines are already being forced to strengthen their battle plans to counter this summer&#39;s travel turmoil due to a perfect storm of strikes and workforce shortages,&nbsp;<a class="editor-rtfLink" href="https://www.cnbc.com/2022/08/05/international-airlines-launch-battle-plans-to-deal-with-summer-travel-chaos.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">writes CNBC.</a>
What happened:&nbsp;The industry recently had a preview of the summer travel chaos, on July Fourth weekend, with around 525 flights canceled, according to figures from FlightAware.
Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/27950644/july-fourth-weekend-started-with-cancellations-and-delays-for-air-travelers-wsj" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">July Fourth Weekend Started With Cancellations And Delays For Air Travelers: WSJ</a>
During the pandemic, around 90,000 jobs were cut across U.S. airlines as worldwide mobility was brought to a standstill in 2020.
Passenger numbers for leisure and business flights are rebounding to exceed pre-pandemic numbers; however, the airline industry staff shortage has pushed the airlines to cancel several flights and routes.
Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/06/27824563/pilot-shortage-pushes-american-airlines-to-quit-services-in-4-cities-cnbc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities: CNBC</a>
To ease the situation, ticket caps are being used. Schiphol Airport imposed a limit on the number of departing passengers, and the Dutch airline KLM restricted the sale of tickets for flights departing from Amsterdam in September and October.
Similarly, Qantas has capped sales on its Australia to London services until mid-September.
Another tactic being explored by the airlines is schedule adjustments. German carrier&nbsp;Lufthansa&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/dlaky#OTC">DLAKY</a>) adjusted its schedule at the start of summer and canceled 3,000 flights from Frankfurt and Munich.
Due to Heathrow&#39;s passenger cap,&nbsp;American Airlines&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aal#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAL</a>) reportedly made some &quot;short notice&quot; cancellations.
Swiss International in July canceled some upcoming flights scheduled between July and October.

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International Airlines Prepare For Mayhem Of Summer Travel Season: Report

CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28282910/google-shares-plans-to-boost-productivity-amid-uncertainty-does-not-rule-out-layoffs" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Google Shares Plans To Boost Productivity Amid Uncertainty; Does Not Rule Out Layoffs</a>
<ul>
<li>Alphabet Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google launched a new effort called &ldquo;Simplicity Sprint&rdquo; to drive efficiency and improve employee focus amid macro uncertainties.</li>
<li>CEO Sundar Pichai sought inputs from employees during its regular all-hands last Wednesday. He aimed to crowdsource ideas for quicker product development through August 15 through an internal survey.</li>
<li>Pichai acknowledged that Google&rsquo;s productivity was nowhere close despite its headcount reflecting a challenging macro environment with more uncertainty ahead.</li>
</ul>

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28286502/lufthansa-pilots-majority-selects-industrial-action-over-pay-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Lufthansa Pilots Opt For Industrial Action Over Pay</a>
<ul>
<li>By a vote of 97.6% in favor of industrial action, pilots at the flag carrier of Germany, Deutsche Lufthansa AG (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/dlaky#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DLAKY</a>), threatened additional disruption during the busy summer travel season.</li>
<li>According to pilot&rsquo;s union Vereinigung Cockpit (VC) board member Marcel Groels, the vote does not necessarily mean a strike would be held. Still, it signaled to the employer that constructive steps needed to be taken.</li>
<li>&ldquo;We are showing we are ready to talk,&rdquo; he added.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/08/28286523/hsbc-aims-to-restore-quarterly-dividend-to-pre-covid-19-levels-as-soon-as-possible" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HSBC Aims To Restore Quarterly Dividend To Pre-COVID-19 Levels As Soon As Possible</a>
<ul>
<li>HSBC Holdings plc&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsbc#NYSE">HSBC</a>) Q2 revenue increased by 2% to $12.8 billion, primarily reflecting interest rate rises, partly offset by an adverse movement in market impacts in insurance manufacturing in WPB, foreign currency translation impacts, and losses on planned business disposals.</li>
<li>Customer lending was $27 billion lower in 2Q22 due to foreign currency translation impacts. Net interest margin of 1.35% rose by nine basis points from 1Q22.</li>
<li>HSBC has pushed back on a proposal by top shareholder Ping An Insurance Group Co of China to split the firm, Reuters reported citing huge one-off execution costs, higher taxes, and ongoing running costs.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/08/28286747/fcebook-has-a-week-to-comply-with-kenyas-hate-speech-norms-country-rules-out-terminating-services" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Facebook Has One Week To Comply With Kenya&rsquo;s Hate Speech Norms; Country Rules Out Terminating Services</a>
<ul>
<li>Kenya did not look to blackout Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) owned Facebook after allotting it a week to comply with rules on hate speech.</li>
<li>Kenya&rsquo;s regulatory watchdog blamed Facebook for violating Kenya&rsquo;s constitution and laws for failing to tackle hate speech and incitement on the platform ahead of the August 9 national elections.</li>
<li>&ldquo;We do not have a plan to shut down any of these platforms,&rdquo; Joe Mucheru, the minister for information, communication, and technology, told Reuters. &ldquo;Press freedom is one we cherish, whether it is (traditional) media or social media.&rdquo;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28286565/toyota-motor-panasonic-ev-battery-jv-to-procure-lithium-from-ioneer-reuters" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Toyota-Panasonic EV Battery JV To Procure Lithium From ioneer: Reuters</a>
<ul>
<li>Toyota Motor Corp&rsquo;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) joint battery venture with Panasonic Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pcrfy#OTC">PCRFY</a>) is set to buy lithium from ioneer Ltd&rsquo;s Rhyolite Ridge mining project, Reuters reported.</li>
<li>The joint venture will utilize the metal procured for electric vehicle battery manufacturing in the U.S.</li>
<li>The joint venture, Prime Planet Energy &amp; Solutions Inc, announced by Toyota and Panasonic in early 2020, will develop cost-effective batteries that are safe and efficient.</li>
</ul>

Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/08/28286773/amgen-to-fight-irs-agency-over-tax-bill-of-whooping-10-7b-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amgen To Fight IRS Agency Over Tax Bill Of Whooping $10.7B: Report</a>
<ul>
<li>Amgen Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amgn#NASDAQ">AMGN</a>) will fight Internal Revenue Service over the company&rsquo;s international tax strategy and $10.7 billion in back taxes and penalties, Wall Street Journal reported.</li>
<li>The IRS agency says that Amgen underreported its taxable income by nearly $24 billion from 2010 to 2015 by inappropriately attributing its U.S. profits to a Puerto Rico subsidiary.</li>
<li>According to FactSet data, Amgen has long had one of the lowest tax rates in the pharmaceutical industry, reporting a median 12.5% effective tax rate over the past decade, compared with an 18% median rate across the ten largest U.S. drug companies.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/08/28286517/tusimple-tech-attracts-regulatory-attention-following-autonomous-truck-accident-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TuSimple Tech Attracts Regulatory Attention Following Autonomous Truck Accident: Report</a>
<ul>
<li>The accident of an autonomously driven truck fitted with technology by TuSimple Holdings Inc (NASDAQ: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/tsp#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TSP</a>) on April 6 has triggered concerns over risking safety on public roads, the Wall Street Journal reports. The company disclosed the accident to the regulators in June.</li>
<li>The Federal Motor Carrier Safety Administration within the Transportation Department launched a &ldquo;safety compliance investigation&rdquo; into TuSimple. The National Highway Traffic Safety Administration joined the DOT agency investigation into TuSimple.</li>
<li>The incident involved a rig with a TuSimple driver and engineer aboard, and the company has repeatedly blamed the accident on human error.</li>
</ul>

Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28285361/baidu-backed-autonomous-ev-startup-explores-raising-funds-could-seek-valuation-of-3-5b" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Baidu Backed Autonomous EV Startup Explores Raising Funds; Could Seek $3.5B Valuation</a>
<ul>
<li>Baidu, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>) backed autonomous electric vehicle startup, Jidu Auto, is weighing raising $300 million - $400 million in fresh funds, Bloomberg reports.</li>
<li>The Baidu and Geely Automobile Holdings Ltd (OTC: <a class="editor-rtfLink" href="https://www.benzinga.com/stock/gelyy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GELYY</a>) joint venture could seek a valuation of $3.5 billion.</li>
<li>The latest funding round could see more investors other than Baidu and Geely, which jointly invested $400 million in the startup&rsquo;s fundraising in January. Jidu sought a valuation of as much as $2 billion in that round.</li>
</ul>

Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/08/28286969/fda-stops-uk-based-companys-baby-formula-imports-accusing-altered-paperwork-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FDA Stops UK-Based Company&rsquo;s Baby Formula Imports Accusing Altered Paperwork: Report</a>
<ul>
<li>Financial Times reports that the FDA has suspended emergency imports of baby formula from Global Kosher&rsquo;s, accusing the U.K. company of submitting altered paperwork.</li>
<li>The FDA halted a waiver allowing Global Kosher to ship infant formula to the U.S. after the company &ldquo;submitted to the U.K. authorities an official letter issued by the FDA that had been significantly modified.&rdquo;</li>
<li>Global Kosher had applied to export more than 4.8 million cans of formula under a waiver scheme to help deal with the U.S. shortages.</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/08/28282024/will-alibaba-be-delisted-heres-what-the-firm-says" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Will Alibaba Be Delisted From NYSE? Here&rsquo;s What The Firm Says</a>
<ul>
<li>Alibaba Group Holding Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) has said it will continue to monitor market developments, comply with applicable laws and regulations and strive to maintain its listing status on both the New York Stock Exchange (NYSE) and the Hong Kong Stock Exchange.</li>
<li>The firm&rsquo;s statement comes after it was reportedly placed on a de-listing watch by the U.S.</li>
<li>SEC&rsquo;s Findings: According to the statement put out by Alibaba, the SEC&rsquo;s identification indicates the regulator has determined that Alibaba used a registered public accounting firm, whose audit work papers cannot be fully inspected or investigated by the Public Company Accounting Oversight Board of the United States (PCAOB) for the fiscal year ended March 31, 2022.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/08/28282126/tesla-strikes-2-battery-material-supply-deals-with-chinese-companies-what-investors-should-know" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tesla Strikes Battery Material Supply Deals With 2 Chinese Firms At A Crucial Time</a>
<ul>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has agreed on separate deals to source battery raw materials from two Chinese companies, Bloomberg reported, citing stock exchange filings by these companies.</li>
<li>The electric vehicle maker has signed pricing agreements with Zhejiang Huayou Cobalt Company and CNGR Advanced Material Company for supplying ternary material for lithium-ion batteries.</li>
<li>The supply deal with Zhejiang Huayou will run from July 2022 to December 2025, while CNGR&rsquo;s contract term will start in January 2023 and run through December 2025.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28277228/this-company-is-buying-200-tesla-vehicles-per-week-heres-its-future-plan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Company Is Buying 200 Tesla Vehicles Per Week &mdash; Here&rsquo;s Its Future Plan</a>
<ul>
<li>An electric vehicle subscription service company named Autonomy, which uses Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) vehicles, has recently announced that it is taking delivery of close to 200 Tesla vehicles per week.</li>
<li>According to a report from Electrek, Autonomy will soon add Tesla Model Y to its fleet. In addition, the firm is also planning to add 23,000 electric vehicles, which will be primarily from Rivian Automotive Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>), Lucid Group Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>), and Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>).</li>
<li>Autonomy offers consumers a flexible and affordable way to access an electric vehicle. The company provides a low-commitment and cheaper alternative to getting into a Tesla Model 3 Standard and Long Range, now a Model Y Long Range.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/08/28282117/binance-says-it-lost-90-of-customers-and-billions-in-revenue-after-implementing-kyc" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Binance Says It Lost 90% Of Customers, &lsquo;Billions In Revenue&rsquo; Due To KYC Compliance</a>
<ul>
<li>The world&rsquo;s largest cryptocurrency exchange has reportedly lost out on a significant chunk of potential revenue due to KYC compliance.</li>
<li>In a recent interview with CoinDesk, Binance compliance team Tigran Gambaryan and Matthew Price, former investigators at the U.S. Internal Revenue Service&rsquo;s cybercrime unit, said that the exchange&rsquo;s tighter KYC policies had come at a cost to the business.</li>
<li>&ldquo;We have lost 90% of customers after implementing KYC, losing billions in revenue,&rdquo; said Gambaryan.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/08/28281992/why-filecoin-shot-up-nearly-100-this-week" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">This Crypto Token Nearly Doubled This Week, Outpacing Bitcoin And Ethereum</a>
<ul>
<li>FIL surged at press time even as major coins declined and the global cryptocurrency market cap fell 0.9% to $1.1 trillion.</li>
<li>The coin&rsquo;s relative strength index indicates it is in overbought territory.</li>
<li>Filecoin (FIL) shot up nearly 100% this week and was trading 31% higher at $10.93 at press time.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/07/28281547/tiffany-co-is-turning-cryptopunk-nfts-into-diamond-chains" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tiffany Is Turning CryptoPunk NFTs Into Diamond Chains: Here&rsquo;s How Much ETH You&rsquo;ll Have To Shell Out</a>
<ul>
<li>Luxury jewelry brand Tiffany &amp; Co. is selling 250 exclusive diamond pendants to CryptoPunk NFT holders.</li>
<li>The LVMH Moet Hennessy Louis Vuitton ADR-owned (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lvmuy#OTC">LVMUY</a>) company unveiled the &ldquo;NFTiff&rdquo; collection over the weekend.</li>
<li>Each NFT pendant will be sold for 30 Ethereum ETH/USD each, worth around $50,000 at current prices. The 250 custom-made pieces would net over $12 million if sold out. </li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/07/28280590/bill-gates-excited-about-senate-deal-on-clean-energy-but" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bill Gates Excited About Senate Deal On Clean Energy But&hellip;.</a>
<ul>
<li>Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin (D-WV) agreed last week to vote on the &ldquo;Inflation Reduction Act of 2022,&rdquo; which also includes provisions for furthering clean energy.</li>
<li>Reacting to the development, billionaire Bill Gates said on Twitter last week that he is &ldquo;really excited&rdquo; to see the two senators coming together for what could be an &ldquo;historic step forward for the climate.&rdquo; He expressed his view by quote-tweeting a tweet by Breakthrough Energy, which was established by Gates and a coalition of private investors in 2015 to act against the impact of accelerating climate change.</li>
<li>&ldquo;Congress just released a historic policy framework that if signed into law will enable critical climate technologies to rapidly scale and help to build the foundation of the clean energy economy,&rdquo; the Twitter handle of Breakthrough Energy tweeted.</li>
</ul>

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Benzinga Before The Bell: Alibaba's Delisting Concerns, Amgen's Potential $10.7B Tax Bill, Kenya Will Not Shut Facebook Services And Other Top Financial Stories Monday, August 1

In a report released today, Alex Irving from Bernstein maintained a Hold rating on Deutsche Lufthansa (0H4A – Research Report), with a price target...

Deutsche Lufthansa (0H4A) Gets a Hold from Bernstein

Kepler Capital analyst Nikolas Mauder maintained a Hold rating on Deutsche Lufthansa (0H4A – Research Report) on July 31 and set a price target of ...

Kepler Capital  Remains a Hold on Deutsche Lufthansa (0H4A)

In a report released yesterday, Patrick Creuset from Goldman Sachs maintained a Hold rating on Deutsche Lufthansa (0H4A – Research Report), with a ...

Goldman Sachs Reaffirms Their Hold Rating on Deutsche Lufthansa (0H4A)

Deutsche Bank analyst Jaime Rowbotham maintained a Hold rating on Deutsche Lufthansa (0H4A – Research Report) today and set a price target of €6.50...

Deutsche Bank  Reaffirms Their Hold Rating on Deutsche Lufthansa (0H4A)

UBS analyst Jarrod Castle maintained a Buy rating on Deutsche Lufthansa (0H4A – Research Report) today and set a price target of €9.25. The company...

UBS Reaffirms Their Buy Rating on Deutsche Lufthansa (0H4A)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Deutsche Lufthansa (OTCMKTS:<a href="https://investorplace.com/stock-quotes/dlaky-stock-quote/">DLAKY</a>) just reported results for the second quarter of 2024.<ul><li>Deutsche Lufthansa reported earnings per share of 42 cents. This was above the analyst estimate for EPS of 41 cents.</li><li>The company reported revenue of $10.77 million.</li><li>This was 99.90% worse than the analyst estimate for revenue of $10.74 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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DLAKY Stock Earnings: Deutsche Lufthansa Beats EPS, Misses Revenue for Q2 2024

Deutsche Lufthansa (0H4A – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Johannes Braun f...

Sell Rating on Deutsche Lufthansa Amidst Operational Challenges and Financial Instability

In a report released today, Jarrod Castle from UBS maintained a Buy rating on Deutsche Lufthansa (0H4A – Research Report), with a price target of €...

UBS Remains a Buy on Deutsche Lufthansa (0H4A)

In a report released today, Harry Gowers from J.P. Morgan maintained a Sell rating on Deutsche Lufthansa (0H4A – Research Report), with a price tar...

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Deutsche Lufthansa

Deutsche Lufthansa (DLAKY) Forecast

Deutsche Lufthansa (OTC:DLAKY) Stock, Quote.Headers.trade-ideas