After the financial crash owing to the COVID-19 pandemic, Lufthansa, the DAX founding member, has lost its place in the German stock exchange’s top league.
Germany’s largest airline will be relegated to the MDAX of mid-cap companies as of June 22. This was announced June 4, by Deutsche Börse during the regular review of its share indices. Lufthansa will be replaced in the German share index by the Berlin real estate group Deutsche Wohnen.
Stock exchange turnover (trading volume) and stock exchange value (market capitalization) of a company are decisive for membership of the 30 DAX groups. The Lufthansa share price had collapsed in the wake of the corona-crisis. For this reason, the airline now has to vacate its place in the DAX after almost 32 years of uninterrupted membership.
