Fraport results ‘as planned’
German airport operator Fraport achieved a rise of 2.5 percent in revenue during the first half of 2012 – but investments such as the new runway at Frankfurt-Main airport led to a 17.4 percent decline in the final result, to 86.9 million euros (US$107.3 million).
Passenger traffic over the six months was strong – but cargo throughput fell by 9 percent across the group’s airports. Its Frankfurt gateway was particularly affected by the weak global economy and European debt crisis, not to mention the imposition of a night flight ban late last year, its throughput sliding by 9.9 percent.
Still, Fraport executive board chairman Stefan Schulte declared: “During this difficult period in the air transportation industry our figures have been developing as planned and we are sticking to our goals for 2012.”
The group forecasts revenue to exceed 2.5 billion euros ($3.1 billion) this year with the final result expected to come in at “about the same level” as 2011.