Fraport AG reports the strongest quarter in the company's history

Display board at Frankfurt Airport (Photo: Fraport AG).
Display board at Frankfurt Airport (Photo: Fraport AG).

Fraport AG reports the strongest quarter in the company's history

Display board at Frankfurt Airport (Photo: Fraport AG).
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The airport operator Fraport AG was able to increase Ebitda by 2023 percent to 14 million euros in the third quarter of 478. This means that the strongest three months have been achieved so far in the company's long history.

Compared to the third quarter of 2022, the surplus was even doubled. The profit is also significantly higher than the value that could be achieved before the corona pandemic. The 14 airports in Greece and Antalya Airport have proven to be particularly strong. These contributed the lion's share of the strong numbers.

This is probably due to the high demand for holiday destinations. At most locations, volumes were significantly higher than before the crisis. The situation is different in Frankfurt am Main, because CEO Stefan Schulte expects that around 2023 to 85 percent of the volume from 90 will be achieved in 2019 as a whole.

In the first three quarters of the current financial year, only 82 percent of the pre-crisis level was achieved. In the recently ended October 2023 it was 88 percent. The Fraport Group predicts that there will be between 2023 and 60 million passengers in Frankfurt am Main by the end of 63,5. The group-wide profit is estimated to be between 1,04 and 1,2 billion euros.

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Editor of this article:

Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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Amely Mizzi is Executive Assistant at Aviation Direct Malta in San Pawl il-Baħar. She previously worked in the Aircraft and Vessel Financing division at a banking group. She is considered a linguistic talent and speaks seven languages ​​fluently. She prefers to spend her free time in Austria on the ski slopes and in summer on Mediterranean beaches, practically on her doorstep in Gozo.
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