The number fell to 5.30m in the last month which brought the ytd number to 23.16m, a fall of 0.1%. This is clearly worse than we had expected and comes on top of management’s profit warning for at-equity profits from the stake in Antalya (see our comment from 22 May). Lima, the other fully-consolidated airport in Fraport’s portfolio, continued doing well. Here, the number of passengers was up by 13% to almost 1.6m in May and by 11% to 7.45m ytd. The usage of Antalya’s terminals fell by 37% to 1. ....
10 Jun 2016
Frankfurt’s passenger number -5.5% in May
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Frankfurt’s passenger number -5.5% in May
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
10 Jun 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The number fell to 5.30m in the last month which brought the ytd number to 23.16m, a fall of 0.1%. This is clearly worse than we had expected and comes on top of management’s profit warning for at-equity profits from the stake in Antalya (see our comment from 22 May). Lima, the other fully-consolidated airport in Fraport’s portfolio, continued doing well. Here, the number of passengers was up by 13% to almost 1.6m in May and by 11% to 7.45m ytd. The usage of Antalya’s terminals fell by 37% to 1. ....