Frankfurt airport operator Fraport has seen a ‘recovery’ in business travel at the main German hub as the recovery in passenger traffic continues.
Stefan Schulte, CEO of Fraport, told the group’s virtual annual general meeting on Tuesday (24 May) that he had an “optimistic outlook” for the coming months for Frankfurt and its other airports. The group operates 31 airports worldwide, including Slovenia and Greece in Europe.
Schulte added that the ongoing war in Ukraine has so far had only a “small impact” on the group’s airports.
“2021 has shown that we have hit rock bottom and are now climbing back step by step in terms of traffic volumes,” Schulte said.
“In Frankfurt, we are preparing for a busy summer. We expect to reach between 70 and 75% of the pre-crisis traffic level. Now that restrictions on intercontinental destinations are gradually falling, we are starting to see a revival in business travel.
He said Fraport expected passenger traffic at its airports outside Germany to “rebound dynamically” also this year.
The recovery in passenger traffic should help Fraport make a net profit of between 50 and 150 million euros this year. But Schulte added that it would depend “how Russia’s aggression ultimately affects our numbers.”