Aviation – Fraport Rises – Economy

State aid from Germany and Greece brought the Frankfurt airport operator Fraport back into the profit zone. With the number of passengers increasing again at the same time, the MDax group at the Frankfurt site was able to reduce its operating expenses by 18% in the first half of the year compared to the same time of the year. former. In the second quarter, under the impact of the Corona crisis, sales amounted to 426 million euros, as announced by the company. The net result for shareholders was a profit of 85 million euros after a loss of 182 million a year earlier. Public aid to Frankfurt and the 14 regional airports of Fraport in Greece have made a major contribution to this. Frankfurt Airport has received nearly 160 million euros from the Federal Republic and the State of Hesse, while Greece has decided on aid of up to 178 million euros. According to CEO Stefan Schulte, the outlook for passenger activity at Germany’s largest airport has not improved: it continues to expect fewer than 20 to a maximum of 25 million passengers for 2021.

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