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German air transport company Fraport is expecting a fall of 15% in overall profit compared to the last year, according to company officials. The company, which operates Frankfurt International Airport serving Frankfurt am Main and the smaller Frankfurt-Hahn Airport, is also anticip
German air transport company Fraport is expecting a fall of 15% in overall profit compared to the last year, according to company officials.
The company, which operates Frankfurt International Airport serving Frankfurt am Main and the smaller Frankfurt-Hahn Airport, is also anticipating a fall in EBITDA in 2009, the airport-suppliers website reported.
The German airport operator’s EBITDA witnessed 15.6% drop in the first quarter this year.
Fraport said that it is expecting a 6%-9% fall in passenger volume at Frankfurt Airport.
The recent outbreak of swine flu could further weigh on demand, the company said while disclosing the reason behind the fall.
IT Solutions and Services for the Aviation Industry
Wildlife Management and Consulting for Airports
VHF and UHF radios, Remote Radio Control and Monitoring, and Ricochet Recorder