Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Fraport AG Frankfurt Arprt Svcs Wrldwde    FRA   DE0005773303

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Fraport Frankfurt Airport Srvs Wrldwd : Traffic Figures – March & 1st Quarter 2014

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/10/2014 | 07:30am CEST
Positive Quarterly Figures Despite Strike-related Cancellations at FRA - Growth in Cargo Segment Strengthens Frankfurt's Role as Global Airfreight Hub - Fraport's International Portfolio Continues to Develop Dynamically

10.04.2014

ANR 20/2014

FRA/jb-rap>Traffic at Germany's biggest air transportation hub has developed positively since the year began.  Frankfurt Airport (FRA) welcomed nearly 12.2 million passengers in the first quarter of 2014, an increase of two percent year-on-year - despite the two strike days that occurred during this period (the work stoppage by security staff on February 21 and by public service employees on March 27). During the same quarter in 2013, FRA also had major flight cancellations due to winter weather conditions as well as a strike by Lufthansa ground personnel. At FRA, aircraft movements climbed by 1.1 percent to 107,092 takeoffs and landings during the first three months of 2014, while accumulated maximum takeoff weights (MTOWs) rose by 2.1 percent to 6.5 million metric tons.

The growth in cargo activity during the first quarter of the year underscores FRA's strength of as an international airfreight hub. The growth trend in the global economy as well as a moderate cyclical recovery in the euro area had a positive influence, with Frankfurt's cargo tonnage increasing by four percent to 522,026 metric tons.

Fraport AG's executive board chairman Dr. Stefan Schulte explained:  "Along with the continuing and challenging framework conditions for the entire European air transportation industry, strikes also slightly clouded the positive traffic development at FRA.  These strikes led to traffic disruptions and inconveniences for our passengers, which we deeply regret."

In March 2014, passenger figures at FRA rose by 0.9 percent to 4.5 million passengers. This growth - despite the partially opposing weather and strike-related effects in 2013 und 2014 - is due to most of the Easter holiday traffic last year falling in March 2013, whereas this year Easter occurs completely in the month of April 2014.

Cargo throughput (airfreight and airmail) at Europe's leading air cargo gateway advanced by 3.2 percent in March 2014 to 201,806 million metric tons.  Thus, after three years, FRA's monthly cargo figure has once again exceeded the 200,000 metric ton mark. Aircraft movements climbed by 2.4 percent to 38,104 takeoffs and landings.  Accumulated MTOWs at Frankfurt Airport also grew by 2.6 percent to some 2.3 million metric tons.

As for Fraport's Group airports, most of the international portfolio registered growth in the first quarter of 2014.  Peru's Lima Airport (LIM) welcomed about 3.7 million passengers in the first three months of 2014, a gain of 4.2 percent year-on-year.  Together, Burgas (BOJ) and Varna (VAR) airports on the Bulgarian Black Sea coast reported 90,164 passengers in the first quarter (up 1.9 percent).  Antalya Airport (AYT) on the Turkish Riviera had about 2.3 million passengers from January to March 2014, an increase of 2.3 percent.  With almost 2.5 million passengers in the first three months of 2014, Pulkovo Airport (LED) in St. Petersburg, Russia, recorded noticeable double- digit growth of 15 percent. Serving about 6.5 million passengers in the first quarter of 2014, Xi'an Airport (XIY) in northwestern China also registered strong growth of 9.9 percent. In Germany's state of Lower Saxony, Hanover Airport (HAJ) experienced a four percent dip in quarterly traffic to 925,450 passengers.

- ENDS -

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FRAPORT AG FRANKFURT ARPRT
03/25 Dufry/Hellenic/Fraport agree major 30-year 14-airport deal
03/25 Dufry & Hellenic Duty Free Shops strike key 30-year retail contract at 14 Gre..
03/25 Dufry and Fraport Greece sign 30-year contract for 14 airports
03/24 SUMMER TIMETABLE 2017 : Frankfurt Airport Features New Airlines and Growing Seat..
03/23 FRAPORT FRANKFURT ARPRT SVCS WRLDWDE : Fiscal Year 2016 - Achieves Positive Perf..
03/18 FRAPORT FRANKFURT ARPRT SVCS WRLDWDE : Fiscal Year 2016 - Achieves Positive Perf..
03/17 FRAPORT FRANKFURT ARPRT SVCS WRLDWDE : EU approves 14 Greek airports' concession..
03/17 FRAPORT FRANKFURT ARPRT SVCS WRLDWDE : EU clears award of concessions for 14 Gre..
03/17 FRAPORT FRANKFURT ARPRT SVCS WRLDWDE : Fiscal Year 2016 – Achieves Positiv..
03/16 AD HOC ANNOUNCEMENT : Awarding of the Fortaleza and Porto Alegre airport concess..
More news
Sector news : Airport Operators
02/16DJAUCKLAND INTERNATIONAL AIRPORT : 1st Half Net Profit Rises 23%
02/15DJSYDNEY AIRPORT : FY16 Earnings Rise Amid Strong Passenger Growth
2016 SYDNEY AIRPORT : Australian government gives green light to Sydney's second airp..
2016DJAustralia and China Remove Passenger Limits on Air Routes
2016 FLUGHAFEN ZUERICH : Bulgaria extends deadline again for Sofia airport tender
More sector news : Airport Operators
News from SeekingAlpha
03/26 FOCUS ON EUROPE : Who Earned A $250M Performance Bonus Last Week?
03/17 Fraport AG reports FY results
2016 Fraport AG ADR 2016 Q3 - Results - Earnings Call Slides
2016 Fraport AG reports Q3 results
2016 Fraport AG reports Q1 interim results
Advertisement
Financials (€)
Sales 2017 2 857 M
EBIT 2017 591 M
Net income 2017 291 M
Debt 2017 3 153 M
Yield 2017 2,28%
P/E ratio 2017 20,68
P/E ratio 2018 18,49
EV / Sales 2017 3,22x
EV / Sales 2018 3,06x
Capitalization 6 060 M
More Financials
Chart FRAPORT AG FRANKFURT ARPRT
Duration : Period :
Fraport AG Frankfurt Arprt Technical Analysis Chart | FRA | DE0005773303 | 4-Traders
Full-screen chart
Technical analysis trends FRAPORT AG FRANKF...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 58,5 €
Spread / Average Target -11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Stefan Schulte Chief Executive Officer
Karlheinz Weimar Chairman-Supervisory Board
Anke Giesen Executive Director-Operations
Matthias Zieschang Executive Director-Finance & Controlling
Roland Krieg Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FRAPORT AG FRANKFURT A..16.72%6 542
AIRPORTS OF THAILAND P..--.--%16 436
SHANGHAI INTERNATIONAL..10.07%8 175
BEIJING CAPITAL INTERN..16.60%5 094
SATS LTD-0.82%3 875
JAPAN AIRPORT TERMINAL..-3.43%3 087
More Results