Strikes cause passenger growth slow down at Frankfurt Airport [Yahoo! Finance]
FRAPORT AG UNSP/ADR (FPRUY)
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Source: Yahoo! Finance
Fraport, the company that runs Germany's main aviation hub at Frankfurt Airport, reported about 4.6 million passengers in March, a 7.8% increase compared to the previous year, the company announced in Frankfurt on Friday. However the figures are 17.6% below the growth level seen before the coronavirus pandemic in March 2019. Almost 300,000 passengers were unable to travel via Frankfurt due to the strikes in March, it added. In February, which also saw strikes lasting several days, the shortfall compared to 2019 was only 15%, up from 12.6% in January and only 6% in December. For the current year, Fraport chief executive Stefan Schulte is targeting around 61 million to 65 million passengers at Germany's largest aviation hub. This means that the pre-crisis level of more than 70 million passengers remains out of reach this year. Meanwhile, cargo business at Frankfurt Airport increased again in March. Around 178,900 tons of freight and airfreight were handled at the airport,
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- Fraport AG GAAP EPS of €4.26, revenue of €4B; initiates FY24 outlook [Seeking Alpha]Seeking Alpha
- Frankfurt airport closed for departures on Thursday due to strike [Reuters]Reuters
- German union Verdi calls on airport security staff to strike in Frankfurt, Hamburg [Reuters]Reuters
- Strikes to ground more than 1,100 flights at German airports on Thursday [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Strikes to ground flights at major German airports on Thursday [Reuters]Reuters