Lufthansa to Exit Germany’s DAX Benchmark After 32-Year Stay

Airline ranks 60th in market value for listed German companies
Analysts see more downside for stock after 34% drop this year

Deutsche Lufthansa AG aircraft at Munich airport on June 3. — Deutsche Lufthansa AG aircraft at Munich airport on June 3.
Photographer: Michaela Handrek-Rehle/Bloomberg

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By Richard Weiss and Jan-Patrick Barnert

June 4, 2020 at 11:58 AM UTC

Updated on

June 5, 2020 at 11:13 AM UTC

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Germany’s flag carrier is being removed from the country’s benchmark stock index for the first time since the gauge’s inception more than three decades ago, after travel restrictions aimed at stemming the coronavirus pandemic sent the stock plunging.

Deutsche Lufthansa AG will be replaced by real estate company Deutsche Wohnen AG in the DAX Index, Deutsche Boerse said in a statement Thursday night. The change will come into effect June 22.