Fraport Group Interim Report - First Half 2022: Revenue Boosted by Rising Passenger Traffic
Retrieved on:
Tuesday, August 9, 2022
FRANKFURT, Germany, Aug. 9, 2022 /PRNewswire/ --FRA/gk-rap – 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.
Key Points:
- Supported by dynamic passenger growth, Fraport's Group revenue increased noticeably by 66.3 percent to 1,348.5 million.
- Adjusted for revenue from construction and expansion measures at Fraport's subsidiaries worldwide (in line with IFRIC 12), Group revenue grew by 67.7 percent to 1,211.8 million.
- After conclusion of the first half of 2022, Fraport's executive board is revising the full-year passenger outlook for Frankfurt Airport upwards.
- In fiscal year 2021 (Dec. 31), Fraport AG generated revenue of 2.1 billion and profit of some 92 million.