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Fraport Expects Passenger Growth to Continue for the Entire Year
FRANKFURT, Germany, May 11, 2010 - FRA/rap> The Fraport Group closed the first quarter of 2010
with operating results of EUR115.8 million. EBITDA (earnings before interest,
tax, depreciation and amortization) climbed by 12.4 percent year-on-year.
Revenue reached EUR476.1 million in the first three months of the year, which
represents a year-on-year increase of 4.3 percent. Group profit shrank from
EUR20 million to EUR4 million. The decline was primarily due to higher
interest expenses for the company's extensive capital expenditures at
Frankfurt Airport (FRA) and a base-year effect from extraordinary income in
the spring of 2009.
Ash Cloud Overshadows Statistics
FRANKFURT, May 11, 2010 - The volcanic eruption beneath Iceland's
Eyjafjallajokull glacier and the resulting ash cloud that spread over
European airspace brought flight operations at Frankfurt Airport (FRA) to a
standstill for five days during April 2010. It took another three days for
FRA's flight schedule to get completely back to normal. For Fraport,
Frankfurt Airport's owner and manager, this shutdown resulted in almost a 17
percent drop in passenger traffic year-on-year. Thus, the FRA international
hub served about 3.5 million passengers in the reporting month - the first
time since April 2003 that FRA has not exceeded the four million passenger
mark.
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