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Börse Express – Fraport presents figures in difficult times

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Frankfurt airport operator Fraport
reports about this Friday (7:00 a.m.)
Fiscal year 2019. From today’s perspective, those were golden times
without the worldwide corona virus. From CEO Stefan
Schulte will be mainly statements about the current development
expected, which is characterized by a strong decline in traffic. Alone
the main customer Lufthansa has already announced
because of the lack of demand up to 50 percent of flights too
to brush.

In February, the airport operator in Frankfurt scored 4.4
Millions of passengers around four percent less than a year earlier.
In the last week of February to March 1st, the decline had already occurred
14.5 percent, the company said on Thursday
Frankfurt with. Because of the entry ban for Europeans is now likely
air traffic to the USA is also slumping.

The MDax Corporation Fraport is at 30 airports worldwide
involved, among others in Greece, Turkey, Peru,
Brazil and with a minority of 24.5 percent also in that
Xi’an Airport in Central China. The most important location remains
Frankfurt’s home airport, which was the largest last year
German hub was used by 70.5 million passengers.

Wanted to the success of an austerity program launched at the end of February
the company did not comment before the balance sheet press conference.
Because of the risk of viruses, this is only available online for the first time
carried out. Fraport had unpaid leave and staff
reduced working hours suggested. Projects were postponed and
New settings should only be possible in exceptional cases
be./ceb/DP/zb

 ISIN  DE0008232125  DE0005773303

AXC0040 2020-03-13 / 05: 49

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