Fraport Group records slightly lower result in First Quarter of 2025
The Fraport Group has made a cautious start to the 2025 fiscal year. After adjustments for revenues from construction and expansion measures (in line with IFRIC 12), revenue across the Group rose by 6.3 percent year-on-year to 811.3 million euros. The operating result or EBITDA (earnings before interest, taxes, depreciation, and amortization) reached 177.5 million euros. This represented a decline of 16.5 percent on the same period in 2024, when EBITDA was strongly boosted by positive non-recurring effects. In what is traditionally the weakest quarter of the year for passenger numbers, the Group result (net profit) was negative, at minus 26.4 million euros (Q1/2024: 12.7 million euros).
Fraport CEO Dr. Stefan Schulte said: 'As expected, the operating and financial performance in the first three months of the current business year was weaker than in 2024. The same period in 2024 benefited from positive non-recurring effects such as compensation for the effects of the coronavirus pandemic, the extra leap day in February, and the fact that the Easter travel period began in March. In 2025, Easter fell in the second quarter. Furthermore, growth drivers were lacking in the German market after yet another increase in regulatory costs at the start of 2025. Nevertheless, we expect our business to continue to show positive growth for the full year, in line with the current outlook. Successfully completed expansions to Fraport's airports in Lima and Antalya will be particularly helpful for stimulating growth.'
Key indicators traditionally weaker in the first quarter
Group revenue reduced by 2.4 percent year-on-year to 868.5 million euros in the first quarter of 2025. However, when adjusting for IFRIC 12, Group revenue increased by 6.3 percent to 811.3 million euros.
Other operating income of 6.1 million euros was around 28.3 million euros lower than in the same period in 2024. The first quarter of 2024 saw a significant impact from coronavirus compensation at Fraport Greece (28.0 million euros). Personnel expenses rose disproportionately by 44.6 million euros, to 323.4 million euros in the first quarter of 2025. The rise can be attributed to wage increases under collective wage agreements and higher staff levels at Frankfurt Airport (FRA). Consequently, the Group EBITDA declined by 35.1 million euros to 177.5 million euros. The Group's net profit stood at minus 26.4 million euros below 2024 levels (Q1/2024: 12.7 million euros).
Mixed trends for passenger numbers across the Group
In the first quarter of 2024, passenger numbers at FRA stagnated at 12.4 million, representing a slight drop of 0.9 percent. During the reporting period, passenger growth was seen at Fraport's airports in Greece, as well as at Lima Airport (LIM) in Peru and Antalya Airport (AYT) on the Turkish Riviera. The same quarter in 2024 benefited from an additional leap day and the Easter travel period beginning in March.
Outlook for the 2025 fiscal year
Fraport's executive board views the trend in the first quarter of 2025 as stable and in line with expectations, and is confirming forecasts for the current fiscal year. The airport operator projects passenger numbers at FRA to reach up to 64 million. A moderate increase in the Group EBITDA is forecast. The Group result is still expected to remain in the forecast range, from stable to decreasing slightly.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Travel Daily News
12-06-2025
- Travel Daily News
Frankfurt Airport unveils shopping experience for Terminal 3
Frankfurt Airport's new Terminal 3 opens in 2026 with 64 retail units, blending global brands, local culture, and innovative shopping experiences. The new Terminal 3 at Frankfurt Airport will have 12,000 square meters of retail space. Fraport, the airport's operator, is now announcing the concessionaires for the 64 retail and service units that will begin operating in the spring of 2026. True to the vision of 'the art of retail in the heart of Europe,' the retail mix will reflect the airport's importance as a major international air traffic hub. Passengers can look forward to an innovative, customer-oriented, esthetically satisfying shopping experience. Anke Giesen, the Fraport Executive Board member responsible for retail and real estate, says: 'Having successfully concluded the marketing phase, we're looking forward to a great retail mix that meets the needs of both passengers and employees. In addition, we're committed to working with our concessionaires to create amazing concepts that delight the target groups. This is our vision for the retail experience at Frankfurt Airport, and we're going to continue implementing it in an architecturally spectacular setting in Terminal 3.' The marketplace as the centerpiece The plans for the retail offering in Frankfurt Airport's third terminal focus on the international transit zone. Fifteen retail outlets surround the central marketplace. A bar and two food courts with seating for nearly a thousand people beneath the futuristically designed ceiling invite passengers to spend time relaxing and enjoying themselves. Frankfurt Airport Retail GmbH (FAR for short), a joint venture of Fraport and Gebr. Heinemann, operates all of the Duty Free and Travel Value shops at Frankfurt Airport. With the opening of Terminal 3, their number will increase from four to a total of 23. The FAR joint venture has also recruited, on an exclusive basis, the Boss fashion label and Montblanc with its high-quality leather goods and writing utensils, for the new terminal. FAR is also bringing Gatezero to Frankfurt, its debut at a German airport. In this young, international, lifestyle-inspired concept store, travelers immerse themselves in an inspiring world of the latest trends in the luxury and street culture categories. The regularly changing selection ranges from fashions and accessories all the way to technical gadgets. Long-term collaboration continuing in Terminal 3 'The offering in our new terminal combines innovativeness with continuity,' explains Giesen. 'We're proud to host returning brands and extend the scope of our collaborations, some of which have been ongoing for many years. This shows just how greatly the travel retail sector values Frankfurt Airport. We have a long history of cultivating close, trusting cooperation with our concessionaires, supporting and promoting the evolution of their business models by jointly developing new ideas and working closely as a team, also in challenging times. This approach pays off, which is evident in the fact that so many well-known brands have renewed their commitment to our location.' Capi Electronics is yet another longtime concessionaire that has decided to expand its business at Frankfurt Airport. This market leader in the airport retail sector is inaugurating two more shops in Terminal 3. Christ is also expanding its presence at Frankfurt Airport with a shop selling high-quality jewelry and artistically designed watches at the heart of Terminal 3. Sunglass Hut, Tumi and Longchamp – all of which are well-established at Frankfurt Airport – are also bolstering the retail mix in Terminal 3 with their product portfolios, which range from premium sunglasses across purses and travel luggage all the way to fashion accessories. Following a long break, Victoria's Secret is celebrating a comeback with an exclusive selection of lingerie, the brand's trademark fragrances, body care products and accessories. The shop's design communicates this label's new international concept with a modern interpretation of elegance. The store will be operated by Setur GmbH, a global player in the travel retail business. Giesen adds: 'The new terminal building, with its urban chic, is an outstanding setting for presenting these brands and concepts. During the selection process, we went out of our way to ensure that our concessionaires present themselves here with unique designs and unmistakable accents. Passengers will fondly remember the shopping experience in Terminal 3 for a long time to come.' Distinctive, unique and intentionally 'typically German' The Falke brand has also been present at Frankfurt Airport for 12 years, and is now about to extend its success story to Terminal 3. It sells a collection of stockings and selected apparel for the whole family to use in everyday life and while exercising. Like Montblanc, Falke – as an 'authentic European brand' – blends German traditions with a high international standard of quality and esthetics. 'Our retail landscape reflects the outstanding connectivity and internationality of Frankfurt Airport as a global air traffic hub,' states Giesen. 'At the same time, we attach great importance to ensuring a unique shopping experience that reflects the local culture. We're therefore also making room for concepts that are traditionally at home here. In the new Terminal 3, we're going to showcase our modern interpretations of 'typically German' and 'typically European'. We're at home here: at the heart of Hesse, Germany and Europe. And we're actively emphasizing this.' It's in this special context that the shops 'Germany On My Mind' and 'Germany's Selection', both of which belong to the Wöllhaf group, play a role. In a warm, bright and welcoming ambiance, Germany On My Mind offers well-known German products and workmanship in the categories of souvenirs, food, accessories, design and lifestyle, plus a range of high-value, emotionally appealing products for children. It's fun to explore the carefully arranged and lovingly presented merchandise, which keeps the memory of visiting the shop alive – for passengers or for their loved ones at home. Supplementing this souvenir concept in the central marketplace, Wöllhaf is also offering a similar range of products in a Germany's Selection shop in Pier J. Financial services and tax refunds The Change Group is debuting as a new provider at Frankfurt Airport, where it will operate a total of five outlets and 12 ATMs in Terminal 3. Under the Prosegur Change brand name, its services include exchanging more than 50 currencies, international money transfers, a travel money online service, and tax refunds. Global Blue also provides a tax refund service at two locations in the terminal. Public area geared to arriving and departing passengers Two of the six convenience stores, located in the publicly accessible part of Terminal 3, belong to the Relay chain owned by Lagardère. Relay provides travelers with snacks, beverages, books and periodicals, and travel articles. Lagardère also operates two food areas in the arrivals hall. There are also two restaurants in the departures hall that are run by Avolta. In January, Fraport announced its cooperation with Lagardère and Avolta in the 22 food outlets of FRA's new Terminal 3, which is located in the south of the airport. Six car rental companies – Avis/Budget, Enterprise, Europcar, Hertz, Sixt and Wheego – will have counters in Terminal 3's arrivals hall. REWE To Go, a self-service supermarket concept operated by Lekkerland, will roll out the same self-service concept in Terminal 3 that it is already operating in the arrivals hall of Terminal 1.
Travel Daily News
09-06-2025
- Travel Daily News
Munich Airport: Terminal 1 Pier to open in the first half of 2026
Future-oriented terminal expansion at Munich Airport on schedule. Numerous devices for passenger and aircraft handling already installed. The expansion of Terminal 1 at Munich Airport is progressing smoothly according to plan. The new pier will create a state-of-the-art terminal for non-Schengen traffic, with the capacity to serve up to six million passengers per year — roughly equivalent to the total passenger volume of an airport like Hanover in Lower Saxony. 'It is impressive to see how the Terminal 1 concourse is gradually taking shape. You can now easily imagine how passengers will arrive and depart here in less than a year's time. We are not only creating additional capacity, but also a new level of quality and comfort for our passengers,' emphasizes Jost Lammers, CEO of Munich Airport. At around 360 meters long and 95,000 square meters in area, the terminal extension will allow for the handling of up to twelve smaller aircraft or six wide-body aircraft simultaneously in the future. Passengers flying i.e. with American Airlines, Delta Airlines, Emirates, Etihad Airways, or Qatar Airways can look forward to most modern check-in areas with centralized security checks featuring the latest CT technology, spacious waiting areas, attractive commercial spaces, culinary offerings, and relaxation zones. After a trial period in the coming months, the new terminal pier will officially open in the first half of 2026. Munich Airport is investing €665 million in this expansion project.
Travel Daily News
09-06-2025
- Travel Daily News
Peakwork Partner Connect 2025: International travel tech network meets in Düsseldorf
Peakwork Partner Connect 2025 gathered 400 travel industry leaders from 25+ countries to explore tech innovation, new partnerships, and launch nexTOs platform. DUSSELDORF – For the sixth time, Peakwork invited decision-makers and senior executives from the international travel industry to Peakwork Partner Connect (PPC) in Düsseldorf. The response was overwhelming: Nearly 400 participants from more than 25 countries gathered at the largest PPC to date to explore opportunities for new partnerships, advance technological developments, and strengthen personal networks. At the heart of the event was the direct exchange between leading tour operators, online travel agencies, airlines, accommodation and hotel providers, and other service partners who are – or aim to become – part of Peakwork's global partner network. One of the highlights was a panel discussion on current market developments featuring Stefan Baumert, CCO Markets at TUI Group; Mark Tantz, COO of DERTOUR Central Europe; Ralph Michaelsen, CEO DACH at Invia Travel Germany (ab-in-den-urlaub), and Irina Haselmann, CEO of Eurowings Holidays. The discussion, moderated by Peakwork CEO Manuel Saballus, focused on the future of dynamic tour operating – from today's key challenges and the vital role of travel technology in distribution, to the ongoing debate around price parity and its impact on tour operator packages. Another highly anticipated session was the keynote by Jaime Sastre, CEO of the Juniper Group and founder of Juniper Travel Technology. He shared insights into the rapid growth and strategic evolution of the Constellation Software Group – a global software powerhouse with over 1,200 companies and more than 50,000 employees worldwide – which Peakwork joined in 2023. Headquartered in Düsseldorf, Peakwork has positioned itself as a leading international travel tech platform and a central player in the group's travel tech division, driving strategic growth and M&A initiatives. In 2025, Peakwork recorded over 20,000 bookings per day via its systems on peak days, with up to 60 million daily search requests. A core focus of this year's Partner Connect was the launch of nexTOs, the new all-in-one solution and next-generation Travel Operating System. The platform provides tour operators and OTAs with a powerful system for inventory management, dynamic packaging (including sourcing of hotels, flights, and more), pricing, distribution, and fulfillment – all within one scalable ecosystem. During the event, early adopters of nexTOs were honored with the Peakwork Partner Award for their innovation and pioneering spirit. 'We're proud to have established Peakwork Partner Connect as a platform that delivers real business value – through personal networking, expert exchange on technology and innovation, and tangible business opportunities,' said Manuel Saballus, CEO of Peakwork. 'The strong international participation and the high interest in nexTOs clearly show: We're delivering exactly what the market needs right now.' Stefanie Wasserfuhr, VP Commercial at Peakwork, added: 'I've always been a fan of Peakwork Partner Connect. The energy, the spirit of innovation, and the openness of this network are truly inspiring – a real asset for us and the entire industry.' A diverse social program at the RheinRiff event location – said to be the world's largest indoor surf venue – made the event truly special. From team activities to surfing in the heart of Düsseldorf, there were plenty of opportunities for personal interaction. The evening event, featuring a live performance by Fresh Music Live, capped off the day with a celebration that lasted well into the early morning hours.
