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
Fraport
Fraport chief receives contract extension
Dr. Stefan Schulte will remain the CEO of airport operator Fraport AG for another three years, or until 31 August 2027, as part of a decision taken by the supervisory board today on 15 September. Stefan, who completed qualifications in banking and economics with a doctorate degree, began his career at Fraport AG as the company’s chief financial officer, alongside the role of deputy chairman in April 2007. He has served as Fraport’s CEO since September 2009. Under his … [Read more...] about Fraport chief receives contract extension
Fraport inks deal to purchase more wind energy
Fraport continues to invest in new sources of renewable energy and has signed a new power purchase agreement (PPA) with Centrica Energy Trading A/S to procure more wind power. Under an initial 5-year contract, the European energy services and solutions provider will start providing Frankfurt Airport with annual wind energy volumes of around 63 gigawatt hours in July. Fraport, which has expressed ruling out the use of offsetting measures in its climate protection strategy, is looking at … [Read more...] about Fraport inks deal to purchase more wind energy
Fraport eyes decarbonisation, trials apron solution
Fraport AG Ground Services is testing an autonomous baggage and cargo tractor for its operations until the end of March 2023 as the company looks to ‘emphasize its role as a future-focused company.’ The aim of the trial, which will take several weeks, is to determine whether and under what conditions an autonomous vehicle can support regular baggage and cargo operations on the apron. The electric vehicle will operate on an 8-km-long test route within Frankfurt Airport’s secure area. During … [Read more...] about Fraport eyes decarbonisation, trials apron solution
Fraport divests stake in China’s Xi’an airport
Fraport AG is selling its stake in Xi’an Airport (XIY) in central China after 14 years, the group announced last week. Under an agreement signed on March 31, Fraport is letting go of its entire 24.5 percent stake in Xi’an Xianyang International Airport (the airport’s operating company) to Chang’an Huitong for RMB1.11 billion or around US$174.4 million. Fraport chief Dr. Stefan Schulte expressed satisfaction on the good work done with the airport but also some disappointment at the move to … [Read more...] about Fraport divests stake in China’s Xi’an airport
PLA Global Wrap: Week 26
In this week's global wrap, we look back at B2B updates from week 26, including more recent commitments to adopt SAF and recent developments in unmanned air cargo delivery, with Dronamics and Hellmann announcing drone transport services as early as next year and DB Schenker and Volocopter conducting a joint static proof of concept for VoloDrone. Of course, we have the latest industry updates from the world's top airlines, airports, cargo handlers, forwarders and express operators, … [Read more...] about PLA Global Wrap: Week 26
