In October 2024, approximately 5.7 million passengers traveled via Frankfurt Airport (FRA), up slightly (by 0.3 percent) from the corresponding month of 2023. During the fall school holidays in the German state of Hesse flights to warm-weather locations were in especially great demand. They included destinations in Greece, the Balearic Islands and the Canary Islands. However, passenger volumes were still about 11.6 percent below the corresponding month of 2019.1 During the month under review, … [Read more...] about Passenger volumes hold steady at Frankfurt Airport for October 2024
Fraport AG
Fraport divests stake in Delhi Airport
Fraport AG is selling its stake in Delhi Airport (DEL), India. Under the agreement signed on September 9, Fraport is selling its entire 10.0 percent stake in Delhi International Airport Limited (DIAL) – the joint venture that operates the airport – to its majority owner GMR Airports Infrastructure Limited (GIL) for a price of USD 126 million. Fraport CEO Dr. Stefan Schulte said: “After a successful 18-year partnership driving impressive growth in Delhi, it’s time to start a new chapter. We … [Read more...] about Fraport divests stake in Delhi Airport
Fraport achieves double-digit growth in H1 2024, driven by passenger surge
The Fraport global airport company registered passenger growth of 7.2 percent to a total of 74.1 million travelers across its actively-managed aviation gateways during the first half of 2024 (ending June 30). Supported by the growing demand for air travel, Group revenue increased by 13.0 percent year-on-year to €2,038.8 million. Fraport’s operating result or EBITDA (earnings before interest, taxes, depreciation, and amortization) reached €567.1 million, up 17.8 percent year-on-year. The Group … [Read more...] about Fraport achieves double-digit growth in H1 2024, driven by passenger surge
Frankfurt CargoHub: Fraport launches masterplan and comprehensive investment package for cargo at FRA
Strategic development in line with growing demand – Three key initiatives comprising digitization and process innovation, space optimization, and space development FRA/gk-dh – Airport operator Fraport is strategically aligning its Frankfurt hub with forecast growth in the air cargo business. Driven by growing global trade, the air cargo industry is expected to further expand over the medium and long term both globally and within Europe. The Frankfurt CargoHub is projected to follow this … [Read more...] about Frankfurt CargoHub: Fraport launches masterplan and comprehensive investment package for cargo at FRA
Joint article: Air cargo heroes go beyond the extra mile
Exceptional times call for exceptional measures. The past year has been a real challenge—and air cargo executives around the world have often asked us, the freight publications, to help express their gratitude to those who have kept the world moving. So nine air freight titles have suspended competitive concerns today to publish an article together: a representative sample of ‘thank yous’ from companies around the world. It acknowledges the work done in a momentous year, 12 months … [Read more...] about Joint article: Air cargo heroes go beyond the extra mile
New Frapport AG appointment
As of October 1, Felix Kreutel will take over as head of Fraport AG’s Cargo Development & Management department. Commenting on his new task, Kreutel said: “The Air Cargo industry is currently undergoing enormous changes. The rise of new technologies requires enhanced cooperation among all cargo partners to ensure our competitiveness on the global market. Maintaining a close contact with our customers is therefore even more important than before. My team and I wish to be a reliable and … [Read more...] about New Frapport AG appointment
