Business travel

Frankfurt Airport sees significant improvement in business travel

Frankfurt’s German airport operator Fraport has seen a recovery in business travel to Germany’s main hub, while continuing to see a recovery in passenger traffic.

In this regard, Fraport CEO Stefan Schulte said he has an optimistic view of the coming months for Frankfurt as well as its other airports, reports SchengenVisaInfo.com.

The group operates a total of 31 airports worldwide, including Greece, Slovenia and Greece in Europe.

According to Schulte, Russia’s full-scale invasion of Ukraine had little impact on the group’s airports, as reported by Business Travel News.

“2021 has shown that we have hit rock bottom and are now climbing back step by step in terms of traffic volumes,” Schulte pointed out in this regard.

Additionally, Schulte said the band is gearing up for a busy summer.

“We expect to reach between 70 and 75% of the pre-crisis traffic level. Additionally, now that restrictions on intercontinental destinations are gradually falling, we are starting to see a revival in business travel,” he underlined.

The Fraport CEO went on to say that Fraport expects passenger traffic at its airports in territories outside Germany to also rebound dramatically this year.

The recovery in passenger traffic should allow Fraport to make a net profit of between 50 and 150 million euros in total this year; however, according to Schulte, this would depend on the impact of Russian aggression on the group’s numbers.

Last month, Frankfurt Airport recorded a total of 4 million passengers, marking a 303.8% increase over the figures for the same period a year earlier.

Despite the increase in passenger numbers, figures are still below pre-pandemic levels of 34.2% compared to April 2019 figures.

Furthermore, according to figures provided by Aviation Pros, Frankfurt Airport’s aircraft movements increased by a total of 108.8% year-on-year to 32,342 take-offs and landings in the reporting month.

The report revealed that all Fraport Group airports in countries around the world achieved traffic gains of more than 100% compared to April 2021.

The removal of the majority of restrictions imposed to halt the spread of the Coronavirus and its new variants has also resulted in a significant improvement in air passenger traffic, allowing passengers to move more freely without being subject to additional travel requirements.

Recently, the Airports Council International Europe (ACI) announced that the European airport network recorded the best monthly performance so far in March since the coronavirus began to spread in countries around the world.