FRANKFURT, June 4 (Xinhua) -- German flag carrier Deutsche Lufthansa AG will leave Germany's benchmark DAX index on June 22, the Deutsche Boerse announced on Thursday evening.
German property company Deutsche Wohnen SE will be promoted to replace Lufthansa in the DAX, whereas Lufthansa will be included in the MDAX index, the Deutsche Boerse said.
The benchmark DAX is a blue-chip stock market index consisting of 30 major German companies trading on the Frankfurt Stock Exchange. The MDAX is the second stock market league consisting of 60 companies.
Lufthansa said Wednesday in its interim report that it posted a net loss of 2.1 billion euros (2.38 billion U.S. dollars) in the first quarter this year amid the coronavirus crisis.
Group revenue fell by 18 percent to 6.4 billion euros in the first quarter, and adjusted earning before interest and taxes in the same period widened to minus 1.2 billion euros -- compared with minus 336 million euros last year.
"Global air traffic has come to a virtual standstill in recent months. This has impacted our quarterly results to an unprecedented extent," said Lufthansa's chief executive officer Carsten Spohr.
The airlines in the Lufthansa Group carried 21.8 million passengers from January to March, around a quarter less than in the prior year, the company said. In April, its airlines recorded a 98.1-percent year-on-year decline in passenger numbers. Freight supply was 60.7 percent lower from a year ago.
The company's supervisory board on Monday approved a 9-billion-euro stabilization package offered by the German government. Enditem
