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Fraport: results during the first half 2022

The company sees dynamic passenger growth

Following the widespread lifting of pandemic-related travel restrictions, the airports across the Fraport Group recorded a strong rebound in passenger traffic. Some of Fraport’s Greek airports serving holiday destinations – including Rhodes, Santorini and Kerkyra on the island of Corfu – even exceeded 2019 pre-crisis passenger levels during the first six months of 2022. Supported by the overall rise in travel demand, Fraport’s Group revenue rose by 66.3 percent to €1,348.5 million in the January-to-June period of the current business year 2022.

In the first six months of 2022, nearly 21 million passengers travelled via Fraport’s home-base Frankfurt Airport (FRA). While this was still 38 percent below the traffic volume achieved in pre-pandemic 2019, the figure represents a growth rate of 220 percent compared to the same period in 2021. For the first time since the start of the pandemic, FRA welcomed almost 5 million passengers in June 2022 – which surpassed 75 percent of the traffic registered in the same month of the 2019 record year.

Cargo volumes in Frankfurt decreased by 11.5 percent year-on-year to around 1.0 million metric tons in the first half of 2022. After a strong cargo performance in 2021, the decline can be mainly attributed to the airspace restrictions following the war in Ukraine, as well as to the effects of numerous lockdowns implemented in China as part of its zero-Covid strategy. Fraport’s Group airports outside of Germany achieved higher passenger growth than Frankfurt because they benefitted to a greater extent from their primary function as tourism gateways and the rise in holiday travel.

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AVIONEWS - World Aeronautical Press Agency