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FRANKFURT (dpa-AFX) – In difficult times, the Frankfurt airport operator Fraport reports on its business on Wednesday (7:00 a.m.). As in spring, the summer months in the third quarter from July up to and including September were characterized by the corona pandemic and hardly any air traffic.
After a brief increase in the number of passengers at the beginning of the holiday, demand recently fell again (September) to a level of just 17 percent from the same month last year. On the other hand, things went much better for freight, which in September was only 4.0 percent down on the same month last year.
As early as mid-2020, the Fraport shareholders had suffered a loss of 211 million euros. A year earlier there was a profit of 157 million euros. Sales had slumped from 1.78 billion euros to 0.91 billion euros due to the corona lull.
Fraport CEO Stefan Schulte has already announced that it will concentrate on its absolute core business. The majority publicly controlled MDAX group wants to reduce its workforce significantly by around 4,000 out of 22,000 jobs. The ongoing construction of the third passenger terminal will be extended to at least 2025. The postponement of the start-up date will also affect Pier G, which is well advanced and is intended primarily for low-cost airlines. It should actually be available by the end of 2021./ceb/DP/fba