Deutsche Lufthansa has again failed to win a place back in Germany’s blue-chip DAX, remaining in the MDAX after the latest quarterly review. The decision leaves the Frankfurt-based carrier waiting for a return to the benchmark index, which it left in 2020 during the pandemic.
The outcome was shaped by the index operator’s free-float market-cap ranking, where Lufthansa did not reach the level needed for promotion. Fresenius Medical Care strengthened its position after a capital-market transaction and a share-price move, helping it stay ahead in the race for DAX inclusion.
The latest setback follows similar misses in March and June, underlining how narrow the contest has become for Lufthansa. The airline has been one of the most closely watched index candidates since its removal, and the repeated failure is also relevant for investors tracking benchmark-related flows and sentiment around the stock.
Market commentary ahead of the decision had already pointed to weaker chances after Lufthansa’s share price lost ground in recent days. The latest review keeps the DAX unchanged and leaves Lufthansa in the role of a long-running candidate for re-entry.