Airport World
14 May 2024
The Fraport Group has enjoyed a successful start to the year, with all key financial indicators achieving at least double-digit growth rates in the first quarter of 2024.
The main driver of this positive trend was the continued rise in passenger numbers at most of the airports across Fraport’s global network, which helped boost the group revenue for Q1 by 16.3% to €890.2 million.
Fraport AG’s CEO, Dr. Stefan Schulte, commented: “Frankfurt Airport was impacted by strikes on several days in the first three months of 2024. Some 600,000 passengers were affected by the strikes in addition to weather-related cancellations. In spite of these adverse effects, the new business year got off to a good start.
In the first three months of 2024, Fraport’s Group revenue rose by 16.3% to €890.2 million. Adjusting for revenues resulting from construction and expansion measures at Fraport’s international subsidiaries (under IFRIC 12), Group revenue increased by 16.7% to €763.5 million.
[Read more: Positive start to 2024 for Fraport Group – Airport World (airport-world.com)]
