Fraport Group Interim Release - First Nine Months 2020: Revenue and Profit Fall Sharply Amid Covid-19 Pandemic
Fraport AG's executive board chairman, Dr. Stefan Schulte, said: "Our industry continues to navigate through a very difficult situation.
- Fraport AG's executive board chairman, Dr. Stefan Schulte, said: "Our industry continues to navigate through a very difficult situation.
- With infection rates rising again across Europe in the past few weeks, governments have largely reintroduced or widened travel restrictions.
- In the first nine months of 2020, Group revenue decreased by 53.8 percent year-on-year to 1.32 billion.
- Likewise, the executive board expects both the Group EBIT and Group result (net profit) to be significantly negative.