The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

LHA.DE

Concerning the House

Deutsche Lufthansa AG operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings. The Logistics segment provides airfreight container management, time-critical shipments, and customs clearance services; and digital and modular logistics solutions for cross-border e-commerce solutions. The MRO segment provides maintenance, repair, and overhaul services for civil commercial aircraft serving original equipment manufacturers, aircraft leasing companies, VIP jet operators, government, armed forces, and airlines. It also sells flight tickets and related ancillary services through agents, its own websites, or other airlines; offers vocational and professional training for cockpit and cabin crew; and IT solutions. The company operates a fleet of 737 aircraft. Deutsche Lufthansa AG was founded in 1926 and is headquartered in Cologne, Germany.

Germany · www.lufthansagroup.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$8.13B$10.32B$11.20B$9.95B
Gross profit-$43.00M$1.48B$2.07B$1.44B
Operating income-$707.00M$727.00M$1.19B$387.00M
Net income-$885.00M$1.01B$966.00M$246.00M
Diluted EPS-0.740.84
Free cash flow$852.00M$131.00M$414.00M-$1.89B
CapEx-$914.00M-$883.00M-$694.00M-$1.99B
Quotation

$8.19

-0.03 (-0.3%)

52w hi$10.09
52w lo$6.61
Vol2.86M
As ofAug 13
The Verdict

Hold

Our score -0.08

Short-0.04
Medium-0.07
Long-0.15

computed 2026-08-13

By the Numbers

Deutsche Lufthansa AG

Industrials · Airlines

Market cap$9.84B
Enterprise value$16.61B
Trailing P/E14.62x
Forward P/E6.27x
EV / EBITDA5.23x
P / S (ttm)0.24x
Profit margin1.6%
Return on equity6.2%
Revenue growth+7.9%
Earnings growth-88.1%
Debt / equity121.94
Risk Metrics
Beta vs SPX0.41
Corr SPX0.18
Annual vol37.3%
Annual ret+25.4%
Sharpe0.68
Max DD-27.9%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.13
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$8.24$8.27$8.18$8.192.86M
Aug 12$8.24$8.32$8.18$8.223.28M
Aug 11$8.29$8.35$8.23$8.244.12M
Aug 10$8.45$8.46$8.29$8.304.35M
Aug 7$8.52$8.54$8.34$8.344.28M