FRANKFURT (dpa-AFX) - Lufthansa shares benefited from good guidance in early trading on Tuesday. It was well received that the US partner United Airlines had given a better than expected earnings outlook for the 2024 financial year the previous evening after the close of trading. However, this was curbed to some extent in the morning by an increasingly pessimistic analyst opinion from the investment bank Oddo BHF. Most recently, the Lufthansa share price was up just under one percent in Xetra trading.

According to traders, United Airlines surprised positively with its forecast for adjusted earnings per share for the full year. In initial investor reactions, this also overshadowed the fact that the US airline is expecting a significant loss for the current quarter because dozens of Boeing 737-9 Max aircraft will have to remain on the ground following an accident. United shares were driven up by six percent in after-hours trading in New York. United cooperates with Lufthansa as part of the Star Alliance airline alliance, among other things.

However, the investment bank Oddo BHF got in the way somewhat, as it became more cautious for large network airlines in a sector study and therefore gave up its previously optimistic vote for Lufthansa. Analyst Olfa Taamallah is now focusing on low-cost airlines, as the capacity development on short-haul routes is better than on long-haul routes, which are important for large airlines. His favorite stocks are now Ryanair and Easyjet. In addition to Lufthansa, the rating for IAG and Air France-KLM has also been lowered./tih/bek/stk