
Lufthansa finds itself at the center of two divergent narratives this week. Operationally, the airline is playing a critical part in a large-scale government evacuation effort. Simultaneously, it has received disappointing news from the Frankfurt stock exchange, dashing hopes for a prompt return to Germany’s premier market index.
Government Evacuation Missions Take Priority
The German Foreign Office recently reported that over 30,000 German citizens were stranded in a region of the Middle East. In response, the federal government initiated a major repatriation operation, assigning Lufthansa a central logistical role.
The first government-chartered flight, an Airbus A340-300, departed from Muscat, Oman, and arrived in Frankfurt in the early hours of March 5. It carried approximately 250 passengers, with priority given to vulnerable groups including pregnant women, individuals with illnesses, the elderly, and families with young children. To increase capacity, additional charter flights are scheduled for March 5 and 6.
DAX Index Door Remains Closed for Now
For investors, a separate announcement delivered a setback. Following its regular review, Deutsche Börse’s index subsidiary confirmed it would maintain the current composition of the 40-member DAX index, effective March 23, 2026. This decision leaves Lufthansa outside the benchmark, a status it has held since its exit in 2020.
The market impact is notable because re-entry into the DAX typically triggers fresh demand from index-tracking funds. This potential catalyst has now been removed for the foreseeable future.
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Operational Developments and Tax Relief
Beyond these headlines, Lufthansa’s subsidiary Eurowings is providing operational momentum. At Cologne/Bonn Airport, the carrier unveiled its summer 2026 flight schedule, which plans to expand the network to over 70 direct destinations.
Furthermore, the broader aviation industry anticipates a boost from a confirmed reduction in the German air travel tax, set to take effect July 1, 2026. This measure is intended to provide financial relief to airlines.
Trading Performance and Forward Outlook
Lufthansa shares closed Wednesday’s session at €8.45. The stock has declined by 9.87% over the past seven trading days, a drop that pushed it noticeably below the 50-day moving average of €8.84.
Looking ahead, the formal DAX composition takes effect on March 23. Operationally, the immediate focus is on the scheduled evacuation flights for March 5 and 6, followed by the execution of Eurowings’ 2026 summer schedule. The potential benefit from the lower air travel tax will be closely watched starting July 1.
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