Lufthansa in Focus with BA Passenger Figures
Dow Jones | Sep. 05, 2006
Lufthansa will come into focus Tuesday as peer British Airways will release August passenger figures, traders say. "There's no own newsflow expected for Lufthansa so the figures should move the share price," says one trader.
Says Air France-KLM data last week spread enthusiasm in the sector, so Tuesday's figures bear some downside potential as expectations may be too high. Sees Lufthansa's technical trading range as between EUR15.30 and EUR15.50. Shares closed at EUR15.52.