GERMANY. Frankfurt Airport will serve between 39 million and 46 million travellers in 2022, or 55-65% of pre-pandemic levels. That’s according to parent company Fraport Group, which announced annual results for 2021 today. Aided by a rebound in H2, 24.8 million passengers travelled through Frankfurt Airport in 2021, representing an increase of +32% year-on-year.
Group revenue climbed by almost +28% to €2,143.3 million in 2021, with net profit moving back into positive territory – €91.8 million compared to minus €690.4 million a year earlier.
In 2022, group revenue is projected to reach about €3 billion, EBITDA will range between €760 million and €880 million (from €757 million in 2021), while group EBIT is forecast to rise to between €320 million and €440 million (from €313.7 million in 2021).
Net profit is expected to reach between €50 million and €150 million. The current geopolitical situation has been factored into this outlook, noted Fraport. As reported, the airport company is seeking to retrieve assets related to its 25% stake in Northern Capital Gateway, the company that operates Pulkovo Airport in St. Petersburg, following the Russian attack on Ukraine.
In fiscal 2021, revenue in the Retail & Real Estate segment increased by +8.3% to €319.1 million. The main drivers were higher parking revenue. +18.2% to €51.4 million, and higher real estate revenue (+3.6%) at €168.8 million. The key figure for net retail revenue per passenger fell to €3.30 from €4.73 in the previous year.
Fraport CEO Dr. Stefan Schulte commented: “We have used the past year to further increase our competitiveness, thus strengthening Fraport’s position for future growth. We have realigned our company by implementing strict cost management and, where necessary, adopting immediate personnel-reduction measures – in response to noticeably lower traffic volumes now.
“Fraport has become a leaner and more efficient company than before the pandemic. This will be a decisive factor for our future success, while also entailing even greater flexibility – also in view of the current geopolitical situation. A look at the current flight bookings situation gives cause for optimism.
“The booking figures clearly underscore that people are eager to travel again. For this reason, we are now focusing on ramping up operations. This includes plans to recruit up to 1,000 operational staff in 2022. At the same time, we are intensifying our climate goals. Our aim is to become carbon free by 2045 – in Frankfurt, as well as at all our group airports worldwide.”
