fraport
As part of its employee participation programme this year, the executive board of Frankfurt Airport operator Fraport AG Frankfurt Airport Services Worldwide has decided to buy back its own shares through the stock exchange. To fulfil all claims, up to 75,000 of its own shares (about 0.081% percent of the capital stock) will be bought back. The share buyback serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to €4 million. The share buyback will be...
DPA Breaking News
Frankfurt Airport operator Fraport made a surprisingly strong return to profit in the first quarter despite worker strikes, it said on Tuesday. A €16 million ($17.3 million) profit from the traditionally weaker travel season followed a loss of almost €22 million a year earlier. Strikes at German carrier Lufthansa and at airport passenger security checks in the first quarter had risked affecting results, while dozens of flights were also cancelled due to snow and ice. But Fraport increased its revenue by around 16% in the quarter, mainly thanks to significantly higher passenger numbers at the g...
DPA Breaking News
The strikes at passenger checkpoints and at German airline Lufthansa have once again slowed the upward trend in passenger growth at Frankfurt Airport. Fraport, the company that runs Germany's main aviation hub at Frankfurt Airport, reported about 4.6 million passengers in March, a 7.8% increase compared to the previous year, the company announced in Frankfurt on Friday. However the figures are 17.6% below the growth level seen before the coronavirus pandemic in March 2019. Almost 300,000 passengers were unable to travel via Frankfurt due to the strikes in March, it added. In February, which al...
DPA Breaking News
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