Before COVID-19 started to spread, management expected the passenger number in Frankfurt to remain unchanged but rising numbers (mid single-digits) at the Brazilian and Greek airports as well as in Lima. This picture has changed and it now sees a considerably negative impact from the virus. It sees a negative EBITDA impact of €10-14 for every passenger lost in Frankfurt. Assuming the passenger number will fall by 10% (or c. 7m), Aviation EBITDA will be down by €70-98m).
13 Mar 2020
Management gives a very bleak outlook for 2020
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Management gives a very bleak outlook for 2020
Fraport AG (FRA:WBO) | 0 0 0.7% | Mkt Cap: 8,167m
- Published:
13 Mar 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
Before COVID-19 started to spread, management expected the passenger number in Frankfurt to remain unchanged but rising numbers (mid single-digits) at the Brazilian and Greek airports as well as in Lima. This picture has changed and it now sees a considerably negative impact from the virus. It sees a negative EBITDA impact of €10-14 for every passenger lost in Frankfurt. Assuming the passenger number will fall by 10% (or c. 7m), Aviation EBITDA will be down by €70-98m).