The German airport operator Fraport has benefited from the return of the desire to travel after the corona restrictions.

The number of passengers in Frankfurt is likely to reach the upper range of the previous target range of under 20 to 25 million, the company announced on Tuesday. The group result should now be positive, and the operating profit before interest, taxes, depreciation and amortization (Ebitda) should be around 650 to 700 million euros. Here, the Fraport peak had previously only assumed 460 to 610 million. In the third quarter, Fraport increased sales by 70 percent to almost 691 million euros compared to the previous year's pandemic period.

Before interest, taxes and depreciation, there was an increase of almost 289 million euros after a loss of 250 million a year earlier. However, a year earlier, provisions for extensive job cuts had a negative impact on earnings. This time Fraport benefited from compensation payments for its investments in the USA, Slovenia and Greece. The bottom line was a profit of almost 77 million euros after a loss of 304 million euros in the summer of 2020.