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Europe / Airports
Fraport Chairman remains optimistic
By Doug Newhouse, 10 March 2010
Fraport AG Executive Board Chairman Dr. Stefan Schulte has expressed optimism for the outlook in 2010, telling a press conference covering the company's financial results that he believes the group has 'risen from the trough of decline following the extremely high traffic fall at the beginning of 2009'.
According to Fraport's Chairman, the first 21 days of February 2010 were still characterized by the growth momentum of the past weeks and particularly January 2010. However, the Lufthansa pilot strike at the end of last month noticeably depressed Frankfurt Airport's (FRA) February traffic statistics.
Despite the tough winter weather, passenger traffic in January 2010 grew by 3.5% year-on-year. Fraport said the growth in intercontinental flights was particularly noteworthy because this segment increased its share of total flights by 9% to 46% compared to January 2009. This segment also recorded noticeable over-proportional growth of up to 15% on Asian routes, reflecting stronger economic activity - particularly in the Far East.
Frankfurt's airfreight throughput also jumped in January 2010 by 32.2% year-on-year to 157,637 metric tons - some 1,600 metric tons more than in the previous January record month of 2008.
"We are doubly pleased by this bullish growth in airfreight, which is always an early indicator of economic performance: as a clear signal for the German economy as well as the world economy, and as a sign of the unchanging international division of labour," stressed Schulte. The growth trend in airfreight is expected to continue in February 2010."
The difficult crisis year is reflected in the 2009 traffic figures. FRA welcomed approximately 51m passengers last year, down 4.7% compared to 2008. Airfreight throughput declined by 10.1% year-on-year to more than 1.8m metric tons. Airmail tonnage shrank by 11.3% to 80,174 metric tons. FRA registered a 4.7% decrease in aircraft movements to 463,111 takeoffs and landings in 2009.
For the current year, Fraport is expecting a one to two per cent increase in passenger figures at Frankfurt.
By Doug Newhouse, 10 March 2010
Fraport AG Executive Board Chairman Dr. Stefan Schulte has expressed optimism for the outlook in 2010, telling a press conference covering the company's financial results that he believes the group has 'risen from the trough of decline following the extremely high traffic fall at the beginning of 2009'.
According to Fraport's Chairman, the first 21 days of February 2010 were still characterized by the growth momentum of the past weeks and particularly January 2010. However, the Lufthansa pilot strike at the end of last month noticeably depressed Frankfurt Airport's (FRA) February traffic statistics.
Despite the tough winter weather, passenger traffic in January 2010 grew by 3.5% year-on-year. Fraport said the growth in intercontinental flights was particularly noteworthy because this segment increased its share of total flights by 9% to 46% compared to January 2009. This segment also recorded noticeable over-proportional growth of up to 15% on Asian routes, reflecting stronger economic activity - particularly in the Far East.
Frankfurt's airfreight throughput also jumped in January 2010 by 32.2% year-on-year to 157,637 metric tons - some 1,600 metric tons more than in the previous January record month of 2008.
"We are doubly pleased by this bullish growth in airfreight, which is always an early indicator of economic performance: as a clear signal for the German economy as well as the world economy, and as a sign of the unchanging international division of labour," stressed Schulte. The growth trend in airfreight is expected to continue in February 2010."
The difficult crisis year is reflected in the 2009 traffic figures. FRA welcomed approximately 51m passengers last year, down 4.7% compared to 2008. Airfreight throughput declined by 10.1% year-on-year to more than 1.8m metric tons. Airmail tonnage shrank by 11.3% to 80,174 metric tons. FRA registered a 4.7% decrease in aircraft movements to 463,111 takeoffs and landings in 2009.
For the current year, Fraport is expecting a one to two per cent increase in passenger figures at Frankfurt.
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