fraport

The Fraport Group revenue rose by 17.9 percent to €803.8 million in Q1 19’

AIR NEWS

Quarter 1 of 2019 saw the revenues of the Fraport Group – Frankfurt Airport and other worldwide Fraport airports, rise by 17.9 per cent to 803.8 million euros. The higher revenues were factored by, higher passenger growth, ground handling services, security services, infrastructure charges, retail and parking businesses.

In Fraport’s international portfolio, major contributions came, from the Lima (Peru) and the Fraport USA Group companies.

In the U.S. market, Fraport recently took over management of retail areas at New York-JFK’s Terminal 5 (April 2018) and at Nashville International Airport (February 2019).

Despite increased operating cash flow, free cash flow dropped strongly to minus EUR245.9 million in the first quarter of 2019, due to higher capital expenditure both at Frankfurt Airport and in the international business.

FRA welcomed almost 14.8 million passengers from January to March 2019, a rise by 2.5 per cent year-on-year. FRA achieved this increase despite the fact that traffic in March 2018 was missing the Easter flow which fell in April. Fraport Group airports worldwide largely reported positive traffic performance. A few were impacted by the different timing of the Easter holidays.

Dr. Stefan Schulte, Fraport AG’s executive board chairman said: “We had a robust start to the new business year, supported once more by the ever growing contributions to revenue and earnings from our Group airports worldwide.” He added that to achieve this goal, they will further optimize and streamline processes and improve infrastructure utilization.

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