Frankfurt / Main (dpa) - As if Lufthansa did not already have enough problems - now the founding member of Dax is also losing its place in the first German stock exchange league.

From June 22, the airline will be listed in the MDax of medium-sized stocks. Deutsche Börse announced this during the regular review of its stock indices. Lufthansa is being replaced in the German share index by the Berlin real estate group Deutsche Wohnen.

Decisive for belonging to the group of 30 Dax groups are stock exchange turnover (trading volume) and stock exchange value (market capitalization) of a company. The price of the Lufthansa share collapsed in the wake of the corona crisis. Therefore, the airline has to vacate its place in the Dax after almost exactly 32 years of uninterrupted membership.

With the rise of Deutsche Wohnen, the federal capital received another Dax group 14 years after Bayer took over Schering. With 160,000 apartments nationwide, the company is the second largest private landlord in the Republic. Deutsche Wohnen invited the shareholders to the Annual General Meeting for this Friday. The largest German landlord, Bochumer Vonovia, has been in the Dax for five years.

Index changes are particularly important for funds that exactly replicate indices (ETFs). There must then be shifted accordingly, which usually has an impact on the share prices. Belonging to the Dax is also a question of prestige: the leading index is the figurehead of the German economy, especially for international investors. The next regular review date for the composition of the stock indices of Deutsche Börse is September 3, 2020.

With its Dax relegation, Deutsche Lufthansa AG is in a well-known company: In September 2019, the industry veteran Thyssenkrupp had to leave the top stock market index, a year earlier Commerzbank had to make room for the payment processor Wirecard. Thyssen and Commerzbank also belonged to the group of 15 companies that had been listed in the index without interruption since the start of the Dax on July 1, 1988.

Lufthansa had come under heavy pressure in the Corona crisis because air traffic has hardly been possible for months. This is why thousands of jobs are at risk in the group with around 138,000 employees. The federal government has put together an aid package that provides various aid and equity measures totaling nine billion euros. In return, the state economic stabilization fund (WSF) is to take over 20 percent of the shares. It is also planned that the federal government will hold two posts on the 20-member Lufthansa supervisory board. Lufthansa shareholders still have to give the package the green light at an extraordinary general meeting on June 25.