The airport operator generated lower sales in the first quarter than previously estimated. However, the loss fell short of expectations.

Due to the high number of infections worldwide, there was no recovery in passenger numbers in sight in the first quarter, and group sales fell by 41,8 percent to 385 million euros. Nevertheless, one is already over the mountain. "We assume that we have now passed the low point," explains Fraport boss Stefan Schulte.

The vaccination campaigns against Covid are picking up speed. There are extensive test options, and the desire to travel is unbroken. "In this respect, we assume that we will see a significant increase in passenger numbers again in the summer - initially primarily on European traffic, but then also on intercontinental routes in the future."

In the first quarter the turnover of the MDax group collapsed again, the group loss of 77,5 million euros was more than twice as high as in the same quarter of the previous year. The proceeds fell by 42 percent to 385 million euros. This includes just under 58 million euros that Fraport received after the agreement with the Federal Police for aviation security services provided last year. This and the cost savings helped Fraport achieve an operating profit of 40 million euros after an operating loss of 69 million euros a year earlier. The goal of cutting around 4000 jobs in Frankfurt has now almost been achieved.