Traffic News
Fraport’s international business drives nine-month results; revenue reaches €3.393 billion
Fraport has reported a notable rise in revenue and profit for the first nine months of 2024, with total revenue up +12.2% to €3.393 billion and EBITDA increasing +9.5% to €1.051 billion.
“This impressive momentum positions Abu Dhabi Airports for continued growth, further solidifying its role in connecting Abu Dhabi to the world,” says Managing Director and Chief Executive Officer Elena Sorlini as passenger traffic and flight movements surge.
The rise in retail income, which includes retail concessions and car parking, outstripped passenger growth of +6.2% to 63.1 million in the period.
A -27.8% fall in Middle East traffic, which Frankfurt Airport owner Fraport Group attributed to the continuing regional crisis, meant that long-haul volumes declined in September.
London Heathrow Airport served 7.3 million passengers in September, up by +3% year-on-year and a record for the month.
Latest data from the Airport Authority Hong Kong shows HKIA served about 4.92 million passengers in August, up +23% year-on-year.
The Copenhagen Airport operator said revenue is expected to grow at around +24% year-on-year, up from the previously predicted +20%.
Airline passenger traffic in July (measured in revenue passenger kilometres) grew by +8% year-on-year, reflecting signs that most markets are resuming their long-term growth trajectories following the post-pandemic recovery.
Kansai Airports, which also operates Itami and Kobe airports, said the 1.67 million figure, up +38% year-on-year, was the highest in a single month since the airport’s opening, beating June’s 1.62 million.
“Despite a mild decline in overall passenger traffic, our revenues remained resilient, thanks to our geographic diversification,” comments Corporación América Airports CEO Martín Eurnekian.
The airport, operated by Flughafen Wien Group, reported a +11.2% year-on-year income growth in its Retail & Properties division, reaching €93.7 million (US$ 104.1 million), with notable gains in food & beverage and duty-free.
The airport attributed the increase in passenger numbers to airline partners boosting flight frequencies to accommodate the surge in summer travel.
Latest traffic figures reveal an encouraging +15.1% increase in passenger volume last month, reaching 2,008,225.