Fraport Group first quarter shows revenue and profit still severely impacted

In the first three months of 2021, the financial performance of the Fraport Group continued to be severely impacted by the Covid-19 pandemic. With passenger traffic still down at Frankfurt Airport and across the Group’s airports worldwide, Group revenue declined by more than 40 percent year-on-year in the January-to-March reporting period. Fraport posted a net loss of €77.5 million. Fraport AG’s executive board chairman, Dr. Stefan Schulte, said: “The aviation industry still did not see any noticeable recovery during the first quarter of 2021. This was not unexpected considering the global pandemic situation. Nevertheless, we are confident that we are now