Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
Lufthansa: Stocks Drop Ahead of Additional Issue

Lufthansa: Stocks Drop Ahead of Additional Issue

Information is not investment advice

What will happen?

Lufthansa will initiate an additional share issue to increase its capital by €2.14 billion, which will help to pay off a government bailout secured at the height of the COVID-19 pandemic. Aviation was among the sectors hardest hit by lockdowns and international travel restrictions and Lufthansa was one of several airlines forced to secure a government bailout.

Lufthansa believes that this money will help to repay the €9 billion state aid that saved it from bankruptcy. The stock price for the additional issue is set at €3.58. The issue will start on September 22 and run for the next two weeks.

The current state of Lufthansa’s finances

In the Q2 financial statement, Lufthansa recognized a €756 million loss. Last year, when travel worldwide was halted by COVID-19, the airline's losses reached €1.5 billion.

Despite travel restrictions being eased and an increase in bookings, the German carrier said it still expects to operate at 40% of its pre-crisis capacity this year.

Technical analyses

Daily chart

#LHADaily.png

The price dropped by 25% on September 22 and broke through the support of €7, which has held the price since 1993. We expect Lufthansa to reach the last historical support range of €4.5 – €4.6. But before that, the price might retest the previous support level from below. As we can see, right now RSI locates in an oversold zone, that’s why we expect the price to return to €7 level again, before the next down move.

LOG IN

Similar

A New Meta

What will change for investors and traders as Facebook completes the transformation?

Euro May Start a Rally

On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?

Popular

Turkish Lira Is at Record Lows

USD/TRY belongs to the exotic group of Forex currency pairs, that’s why traders don’t trade it regularly. However, these days this pair is in the focus of all the trading community!

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later