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The airport operator Fraport closed the 31 financial year, which ended on December 2024, 2023, with record sales and operating results (or EBITDA). The decisive factor for this was a sustained recovery in passenger numbers - especially at the Fraport Group's foreign airports. Supported by this development, the consolidated result rose to 430,5 million euros.
Stefan Schulte, CEO of Fraport AG, commented on the group's business development in 2023: “Traffic continued to develop dynamically in 2023. Fraport has benefited from this development, particularly due to its broad international portfolio. Our airports in the Greek and Turkish markets even achieved new passenger records in 2023. Our home base, Frankfurt Airport, continued to record the strongest recovery of all major German airports. With a passenger volume of 84 percent of the pre-crisis level, Frankfurt is still well behind other European competitors.” The main dampening effect in Frankfurt was the high location-related costs, with the proportion of taxes and fees levied by the authorities having doubled since 2019. If civil aviation levies and aviation security fees are further increased, as planned by the government, airport operators in Germany will be faced with even more difficult conditions that are beyond their direct influence: “The government should change course and instead support our industry in the transition to support zero-carbon operations and other important initiatives.” In response to current developments, the Fraport Group has further developed its corporate strategy and is realigning its activities for the next six years. Schulte: “With three strategic focuses and our broadly diversified international portfolio, we want to achieve further financial records by 2030, including an EBITDA of 2 billion euros and a free cash flow of 1 billion euros.”
