Frankfurt Airport operator Fraport has updated its 2023 core profit and net income forecasts, following a boost in first-half earnings due to increased passenger volumes and high demand for holiday travel.
Passengers walk through a terminal at Frankfurt Airport in Frankfurt, Germany, April 1, 2021. REUTERS/Ralph Orlowski/ File Photoon Tuesday updated its 2023 core profit and net income forecasts, after first-half earnings were boosted by higher passenger volumes and strong demand for holiday travel.
"We are seeing sustained recovery in passenger demand across our portfolio of global airports," CEO Stefan Schulte said in a statement, noting the group expects passenger traffic to further grow at Frankfurt Airport during the full year. Demand for leisure travel, which has driven up ticket prices and boosted profits for airlines and airport operators since pandemic restrictions ended last year, shows little sign of abating despite the squeeze on household incomes from high inflation and rising interest rates.
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