American Clouds Darken Lufthansa Stock – Decline Continues

The shares of Lufthansa continue to be under pressure, burdened by negative industry news from the United States. Market observers report that recent developments at American Airlines have further dampened market sentiment. In early Xetra trading, the stock of the German airline recorded a decline of 1.9 percent and stood at 6.36 euros. The price thus dangerously approached the April low of 6.30 euros. Falling below this mark could signify the lowest level since October 2022. The post-market announcement of a downgraded profit forecast for the summer quarter by American Airlines caused significant concern in the market. These critical signals negatively impacted the entire industry. Shares of the American competitor fell by six percent in New York. Investment bank Jefferies had withdrawn its buy recommendation for American Airlines, which also contributed to the decline. Additionally, shares of other US airlines such as Delta Air Lines and United Airlines fell significantly after hours. United, however, defied this trend by being upgraded to "Buy" by Jefferies.