Fraport Fiscal Year 2021: Revenue and Profit Boosted by Higher Passenger Demand and Strict Cost Reductions
Source: Fraport Positive Group result achieved – CEO Schulte: Current bookings situation is cause for optimism – Fraport intensifies climate commitment for carbon-free operations across the Group by 2045 – Long-term growth perspective remains intact Fraport operates or has participation in three airports en South America: Fortaleza and Porto Alegre in Brazil, and in Lima, Peru The Covid-19 pandemic continued to impact Fraport AG’s financial performance in fiscal year 2021 (ended Dec. 31). Nevertheless, Fraport increased its revenue and operating result (EBITDA) year-on-year, despite the ongoing volatile market environment. This positive trend was mainly supported by the company’s strict cost management and by the ongoing traffic recovery during the second half of 2021 – in Frankfurt, and particularly at the [...]