<form id="lwufo"><acronym id="lwufo"></acronym></form>
          Log in
          Forgot password ?
          Become a member for free
          Sign up
          Sign up
          New member
          Sign up for FREE
          New customer
          Discover our services
          Dynamic quotes 

          MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Lufthansa AG    LHA   DE0008232125


          News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

          As Air France restores some flights, pilots queue for simulator

          share with twitter share with LinkedIn share with facebook
          05/15/2020 | 01:04pm EDT
          An Air France pilot trains in a flight simulator at a training centre near Paris amid COVID-19 outbreak

          By Laurence Frost and Noemie Olive

          Air France is putting its grounded pilots through their paces in the flight simulator as the airline prepares to restore flights to dozens of destinations that had been suspended under coronavirus lockdown measures.

          The French carrier, part of Air France-KLM, plans to increase capacity to about 10% of normal levels by mid-June from 3-5% today, Jean Fernandez, executive vice-president for flight operations, said on Friday.

          Airlines face a new challenge as they make tentative plans to resume services: finding simulator time for thousands of pilots to maintain their skills and qualifications. Germany's Lufthansa on Thursday outlined its own plans to return to dozens of destinations next month.

          European safety rules require extra training for any pilot who has not carried out at least three take-offs and landings in the last three months, and Air France sets its own bar higher at five take-offs and landings.

          "Pilots need to fly regularly to maintain their skills at the highest level," Fernandez said during a training session at an Air France facility near Charles de Gaulle airport.

          Airlines with more limited training and simulator resources that may struggle to meet the three-month rule can benefit from "temporary alleviations on a case-by-case basis", the European Union Aviation Safety Agency (EASA) said.

          Captain Emmanuel Mistrali, a 25-year Air France veteran, and his co-pilot were running through challenging scenarios from engine failures to high winds in the Airbus A350 simulator on Friday, closely watched by a flight instructor.

          Mistrali, out of action since his last flight to Sao Paolo three weeks ago, said the simulator sessions offer a welcome chance to "regain contact with a world we've been missing".

          Air France said some 2,000-2,500 of its 4,000 pilots are likely to fly in May-June, with the drastically reduced flight schedule distributed evenly among them.

          Before returning to the air, they also run through software-based training to test their recollection of key procedures - but Mistrali said there was no substitute for cockpit time.

          "What is missing when you're on the ground is the routines, the reflexes, your sixth sense and the crew teamwork," he said.

          By mid-June Air France aims to restore about 600 flights per week to 110 destinations, travel restrictions permitting - still far short of its usual weekly tally of more than 7,000 services to 196 destinations. It is currently operating 200-300 weekly flights on 43 routes.

          Between now and then, the airline's 17 simulators will be busy but not over-stretched, Fernandez said. "They are always in high demand."

          Over the coming month Air France capacity should return to "something like 10%" of normal levels, he added. "One thing we can be sure of is that the recovery will be slow."

          (Reporting by Laurence Frost and Noemie Olive; Editing by Raissa Kasolowsky and Louise Heavens)

          Stocks mentioned in the article
          ChangeLast1st jan.
          AIR FRANCE-KLM -0.82% 3.983 Real-time Quote.-59.87%
          AIRBUS SE -2.07% 63.93 Real-time Quote.-51.00%
          AMP LIMITED -1.72% 1.71 End-of-day quote.-10.70%
          DEUTSCHE LUFTHANSA AG -2.93% 8.226 Delayed Quote.-49.87%
          WORLD CO., LTD. -1.33% 1409 End-of-day quote.-47.64%
          share with twitter share with LinkedIn share with facebook
          Latest news on DEUTSCHE LUFTHANSA AG
          07/24British Airways owner considers 2.8 bln euro share issue to prop up finances
          07/24British Airways owner considers 2.8 billion euro share issue to prop up finan..
          07/24DEUTSCHE LUFTHANSA : Belgian Lufthansa subsidiary says reaches coronavirus bailo..
          07/24DEUTSCHE LUFTHANSA : Consensus Q2 2020
          07/21Airlines ask EU, White House to adopt COVID-19 testing program for passengers
          07/21Airlines ask EU, White House to adopt COVID-19 testing program for passengers
          07/21Airlines ask EU, White House to adopt COVID-19 testing program for passengers
          07/21Major airlines ask EU, White House to adopt new COVID-19 testing program
          07/20DEUTSCHE LUFTHANSA AG : Release according to Article 40, Section 1 of the WpHG [..
          07/17British Airways Retires Boeing 747 Early Amid Pandemic
          More news
          Sales 2020 17 456 M 20 347 M 20 347 M
          Net income 2020 -4 710 M -5 490 M -5 490 M
          Net Debt 2020 11 532 M 13 441 M 13 441 M
          P/E ratio 2020 -0,90x
          Yield 2020 0,19%
          Capitalization 4 917 M 5 719 M 5 731 M
          EV / Sales 2019
          EV / Sales 2020 0,94x
          Nbr of Employees 136 966
          Free-Float 82,1%
          Duration : Period :
          Deutsche Lufthansa AG Technical Analysis Chart | MarketScreener
          Full-screen chart
          Technical analysis trends DEUTSCHE LUFTHANSA AG
          Short TermMid-TermLong Term
          Income Statement Evolution
          Mean consensus SELL
          Number of Analysts 21
          Average target price 5,39 €
          Last Close Price 8,23 €
          Spread / Highest target 21,6%
          Spread / Average Target -34,4%
          Spread / Lowest Target -93,9%
          EPS Revisions
          Carsten Spohr Chairman-Executive Board & CEO
          Karl-Ludwig Kley Chairman-Supervisory Board
          Roland Sch黷ze Chief Information Officer
          Martin Koehler Member-Supervisory Board
          Christine Behle Deputy Chairman-Supervisory Board
          Sector and Competitors
          1st jan.Capitalization (M$)
          DEUTSCHE LUFTHANSA AG-49.87%5 719
          DELTA AIR LINES, INC.-55.61%16 492
          RYANAIR HOLDINGS PLC-25.46%13 579
          AIR CHINA LIMITED-40.33%12 658
          UNITED AIRLINES HOLDINGS, INC.-62.67%9 568