FRANKFURT (dpa-AFX) - Lufthansa shares, which were already very weak the day before after a disappointing earnings forecast, slipped even further on Tuesday morning. They fell to their lowest level since October 2022, losing 2.6 percent to 6.39 euros in the weak overall market. The downward trend that began in early December continues unabated. Since the beginning of the year, they have already lost more than a fifth as one of the weakest stocks in the MDax.

The many strikes in air traffic have thwarted the airline's profit plans, which is why the profit forecast for the current year was cut at the beginning of the week.

Analyst Johannes Braun from investment firm Stifel noted that the main cause of the profit warning - namely the strikes - has now been resolved and that the booking trends remain positive, meaning that the operating result (EBIT) in the second half of the year should increase compared to the same period last year. Braun continues to recommend buying the shares.

Harry Gowers from the US bank JPMorgan takes a different view and is more skeptical with his "Underweight" recommendation. He had already expected a difficult quarter, but the airline's forecast was worse than expected, the analyst wrote. The question now is whether everything has been cleared up with the forecast cut and whether investors should buy the shares again. The expert advises caution here./ajx/ag/mis