Lufthansa Poised for DAX Index Return Following Six-Year Absence

Deutsche Lufthansa AG is on the cusp of returning to Germany’s top stock benchmark, almost six years on from losing its spot due to a stock plunge spurred by the outbreak of Covid-19.

A 60% share-price rally over the past 12 months has put the airline on course to be added to the DAX Index via the so-called fast entry rule, according to Deutsche Bank AG strategists including Carolin Raab. However, it’s likely to be a close call: the stock slipped in recent days after pilots and cabin crew called a strike in response to stalled contract negotiations.