Fraport Marks 34% Increase in Financial Performance Driven by Higher Passenger Volumes
A recent report by Frankfurt Airport (FRA) revealed that the Group’s total revenue saw a growth of 33.8 per cent year-on-year, reaching €1,804.3 million during the first six months of 2023, AtoZSerwisPlus.de reports.
At the same time, the operational result, measured by EBITDA (earnings before interest, taxes, depreciation, and amortisation), reached the value of €481.4 million, marking an increase of 17.9 per cent.
Within this period, the Group’s net profit increased by €85.0 million. These data show that this is particularly evident since, in the first six months of 2022, this critical metric had remained in negative territory at minus €53.1 million.
In addition, Finance Chief Matthias Zieschang predicts a significant increase in the volume of Chinese passengers travelling to and from Frankfurt in the coming year. According to him, passenger capacity will rise by 90 per cent of pre-pandemic levels.
“Passengers travelling to and from China reached 39 per cent of pre-pandemic levels in the second quarter, around double the level of the first quarter, while route approvals, fresh testing rules, and limited aircraft supply weighed,” Zieschang also stated.
During the first half of 2023, passenger figures at FRA marked an increase of 29.1 per cent in a year-on-year comparison, reaching a total of 26.9 million. Throughout the same period, business travel within Europe demonstrated a gradual recovery, particularly to and from the financial centres of Western Europe.
Among the international airports under the management of Fraport that saw a remarkable recovery in number of passengers are as follows:
- Greece – 7.8 per cent
- Antalya Airport (AYT) – 96.2 per cent
- Peru’s Lima Airport (LIM) – 4 per cent
- Brazil’s Fortaleza (FOR) – 84.7 per cent
- Porto Alegre (POA) – 84.7 per cent
Based on the report, this year, passenger figures in Frankfurt will likely reach a minimum of 80 per cent to a maximum of 90 per cent of the traffic levels recorded in 2019, when over 70.6 million passengers travelled through Germany’s largest aviation hub.
Earlier data from FRA revealed that in May of this year, the airport also experienced a surge in passenger traffic compared to the previous year. The same source pointed out that around 5.1 million passengers travelled through FRA this month, showcasing a remarkable 12.2 per cent growth compared to May 2022.
For the Employer
Are you looking to Hire? Let us help you find the perfect candidates!
Step 1: Fill out the employer's questionnaire. Please provide us with the necessary details about your job requirements and company. We'll use this information to customise our services for you. Fill in the form.
Step 2: Choose the best offer. Once we receive your completed questionnaire, we'll prepare a tailored proposal for recruitment, employee leasing, or outsourcing services.
Step 3: Welcome your new employee. We'll utilise our extensive network and resources to find the ideal candidate for your business. Please don't worry; we'll ensure favourable conditions for you and the employee.
Take advantage of exceptional talent for your company. Complete the employer's questionnaire today, and let us handle your hiring needs.
For Job Seeker Registration
If you are looking for Truck Drivers, such as our guest today, we would like you to fill out the application form on our website. After reviewing the details of the completed offer, a representative of AtoZ Serwis Plus will contact you and tell you about all the details. Fill in the form.
Would you like some advice? So that you know, the information I've included here is for you to review. You'll always need to consult with your legal and tax advisor(s) and follow their guidance. AtoZ Serwis Plus cannot assist with legal or tax matters. The information presented is not specific to any particular company or workforce nor reflects how AtoZ Serwis Plus products are distributed in any jurisdiction. Instead, it is general. AtoZ Serwis Plus makes no representations or warranties regarding this information's accuracy, completeness, or timeliness. It shall not be liable for any losses from using or relying on it. It is your responsibility to exercise caution when using this information.
