Air traffic: Fraport promises millions in profit

The strong recovery in passenger traffic from the Corona crisis has given the Frankfurt airport operator Fraport a surprisingly strong summer.

Air traffic: Fraport promises millions in profit

The strong recovery in passenger traffic from the Corona crisis has given the Frankfurt airport operator Fraport a surprisingly strong summer.

CEO Stefan Schulte therefore expects around 50 million passengers at Germany's largest aviation hub in the current year, as the MDax-listed company announced in Frankfurt. This would mean the upper end of the previous forecast. The operating profit (Ebitda) should also reach the upper end of the previously targeted ranges at around 970 million euros and the consolidated profit at around 100 million euros.

In the third quarter, Fraport achieved sales of a good one billion euros, almost one and a half times as much as a year earlier. Operating profit increased by 46 percent to a good 420 million euros. The bottom line is that the shareholders received a surplus of almost 115 million euros, an increase of almost 50 percent. Fraport thus exceeded the average expectations of industry experts.

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