Lufthansa share falls due to strikeThe Lufthansa share $LHA (-5,86%) has experienced a noticeable drop in recent days, and for good reason. The trade union Verdi has announced a 24-hour warning strike at 13 German airports, which will take place on Monday, March 10. Over 500,000 passengers will be affected as numerous flights will be canceled. Air traffic will come to a virtual standstill, particularly at major hubs such as Frankfurt and Munich. As a result, the Lufthansa share temporarily fell by 1.93 percent to 7.83 euros. The possibility of up to 3,400 flights being canceled increases the pressure not only on the airline, but also on travelers who are dependent on their plans during this turbulent time.
Porsche with loss, but dividend remainsPorsche Automobil Holding SE has undergone a number of important developments in recent weeks. The impairment tests of its investments in Volkswagen and Porsche AG have been completed, and the news is not exactly rosy. A projected loss of around 20 billion euros is expected for the 2024 financial year. The impairment of the book value of the investment in Volkswagen amounts to 19.9 billion euros, and Porsche AG is also affected with 3.4 billion euros on the balance sheet. Despite these painful figures, Porsche SE is optimistic and plans to distribute a dividend. In XETRA trading, the Porsche share $P911 (-3,9%) rose by 5.01 percent to 57.88 Euro. This underlines the confidence in the long-term strategy of the company, which believes in the future despite the current challenges.
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