Fraport AG, the operator of Frankfurt Airport, and AeroGround Flughafen München GmbH, a wholly-owned ground handling subsidiary of Flughafen München GmbH (the operator of Munich Airport), have developed a joint virtual reality (VR) training tool for ground handling operations.
Frankfurt Airport (FRA) welcomed more than six million passengers in April 2019, a gain of 5.1 percent year-on-year. This noticeable increase can also be attributed to the Easter traffic, which occurred completely in April 2019 due to the later Easter holidays this year (compared to 2018).
Today (April 29), Fraport AG laid the cornerstone for Frankfurt Airport’s new Terminal 3, one of Europe’s largest privately financed infrastructure projects. Numerous guests and construction workers attended the ceremony, which marked the start of above-ground construction.
Fraport AG’s executive board chairman, Dr. Stefan Schulte, struck a positive note at the company’s Annual General Meeting (AGM) today: “We can look back on a very successful 2018. Supported by strong growth in passenger traffic at Frankfurt Airport and our international locations, we achieved a new record high for revenue and earnings.
Fraport AG has purchased a further 10-percent stake in Lima Airport Partners S.R.L. (LAP) – operator consortium of Jorge Chavez International Airport Lima – from AC Capitales’ Infrastructure Fund, which held the stake for over 10 years.
25 years ago, the very first aircraft arrived at Terminal 2: a Cathay Pacific Boeing 747 from Hong Kong with 350 passengers onboard. Since the official inauguration on October 24, 1994, Frankfurt Airport’s Terminal 2 has been the departure point, destination or stopover for some 200 million travelers.
At Fraport AG’s regular Annual General Meeting (AGM) today, 99.97 percent of the shareholders approved the recommended dividend of €2.00 per share. Thus, the dividend for fiscal year 2018 will increase by 50 euro cents, or by one third compared to the previous year.
With the Easter holidays around the corner, Frankfurt Airport (FRA) is preparing for this year’s first travel peak. Germany’s largest aviation hub expects to welcome up to 215,000 passengers daily – particularly at the start of the Easter school holidays on the weekend from April 12 to 15.
Frankfurt Airport (FRA) welcomed 6.2 million passengers in May 2019, an increase of 1.4 percent year-on-year. The growth rate would have been one percentage point higher, if FRA had not been affected by a number of weather and strike-related flight cancellations during the reporting month. Over the first five months of 2019, FRA achieved passenger growth of 2.9 percent.
During the first half of fiscal 2019 (ending June 30), the Fraport Group achieved growth in both revenue and earnings. Group revenue increased by 5.2 percent to €1,513.9 million, after adjusting for revenue in connection with capital expenditures made for expansion projects at Fraport’s Group airports worldwide (according to IFRIC 12).