Frankfurt puts in a strong cargo performance

Frankfurt’s cargo throughput (airfreight + airmail) climbed by 5.3% year-on-year, to nearly 1.1 million tonnes In the first six months of the 2017 business year, said airport operator Fraport in its half yearly report, published on 3 August.
Europe’s busiest cargo hub said that cargo traffic continued its growth trend from the second half of 2016, in line with German economic growth.
Fraport’s group revenue rose 10.7% year on year, mainly on the back strong passenger growth and higher revenue from property sales. Frankfurt Airport served 30m passengers in the first half of 2017, a new historic record and exceeding the previous year’s level by 4.5%.
Growth also came from the group’s Greek arm, which started operations on April 11 2017 and its Lima Airport subsidiary.
Group earnings (EBITDA and EBIT) both increased markedly by 11.0% to €420 million and by 12.2% to €240.7 million, respectively.
Fraport executive board chairman, Dr Stefan Schulte, said: "We are looking back on a successful first half 2017. Our business areas have developed well, both at Frankfurt Airport and our Group airports worldwide."

Share this story

Related Topics

Latest cargo airport news

IAI joins STK and Incheon for 777P2F facility construction launch

Israel Aerospace Industries (IAI), Sharp Technics K (STK) and Incheon International Airport have laid the foundation for a Boeing 777…

Read More

Share this story

Emirates SkyCargo warns of backlogs following Dubai flash floods

Emirates SkyCargo is warning customers to expect delays as it continues to battle backlogs following flash flooding earlier in the…

Read More

Share this story

Swissport adds forwarder handling services at Frankfurt

Swissport has continued to roll out its forwarder handling services, with JAS Worldwide utilising the product in Frankfurt. The handler…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.