After Israel’s attack on Iran, the weak weekly trend at Airlines continues. Armor values give in after initial profits.
At around 6.22 euros, the TUI shares have reached the lowest level since mid -April after a weekly minus of almost 14 percent. Ultimately, 3.38 percent went down to 6.34 euros via Xetra.
Lufthansa strokes flights to Tehran and Tel Aviv until the end of July
After the attacks of Israel to Iran, Lufthansa avoids the Middle East for the time being. The flights of the Lufthansa Group from and to Tehran were “exposed to the current situation” until July 31, the airline said in Frankfurt. The airport in Tel Aviv will also no longer be served by the end of July.
In the current flight schedule of Lufthansa there are five flights from Frankfurt/Main to Tehran and in the opposite direction. For security reasons, the Lufthansa Group has not been flying Israel since the beginning of May.
The flight connections to Amman (Jordan), Erbil (Iraq) and Beirut (Lebanon) would also be exposed to June 20. In addition, the Lufthansa Group “until further notice” does not fly over the airspace of the relevant states.
The flight cancellations apply to Airlines Lufthansa, Swiss, Austrian Airlines, Eurowings, ITA Airways, Brussels Airlines and Lufthansa Cargo. The Swiss airline Swiss decided to suspend its flights from and to Tel Aviv until the end of the summer flight plan on October 25th and from and to Beirut until July 31.
Hardly any effects at Frankfurt Airport
According to a spokeswoman for the operator Fraport, the effects of the latest escalation have so far been limited at the largest German airport in Frankfurt. According to her, two incoming Lufthansa flights from Tehran were canceled for Friday or Sunday, and a flight to Tehran planned for this Saturday as well.
In addition, according to the first fraport information, four machines from other airlines in Frankfurt had to be refueling because the flight routes are longer due to the blocking of Iranian airspace.
Lufthansa share burdened
The day before, the threatening escalation in the Middle East and the plane crash in India had already caused a hangover mood. At Lufthansa, the weekly minus is 7 percent after you have reached a high since March on Wednesday. Overall, however, the most undervalued risk was the risk of a war in the Middle East – to this day, the market expert Stephen Innes commented from Spi Asset Management. The Lufthansa share ultimately noted 2.77 percent lower at 6.88 euros.
Armoramies volatile
Papers of arms values were partially searched for on Friday. The Rheinmetall shares ultimately increased 2.72 percent to EUR 1,795.50 via Xetra. Hensoldt, on the other hand, lost 0.11 percent to 94.20 euros, Renk, meanwhile, climbed 0.76 percent to 71.40 euros.
Jefferies leaves Rheinmetall on ‘Buy’ – destination 1,880 euros
The Jefferies analysis house left the classification for Rheinmetall with a price target of 1,880 euros to “Buy”. Israel’s military strike against Iranian nuclear facilities increases the risk of escalation in the region and further exacerbated the global geopolitical threats, wrote Chloe Lemarie on Friday. Rheinmetall and the partner Leonardo also felt headwind on their offer for the armor division of Iveco. Lonardo is reportedly under increasing political pressure to increase the offer to keep the division in Italian hands.
Frankfurt (dpa-Afx) / New York (dpa-Afx broker)
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