Germany’s Fraport reduced (08-Mar-2012) its guidance for passenger growth at Frankfurt International Airport to under 4% in 2012 following a series of strike actions in Feb-2012 in connection with the wage conflict between airport and the GdF union. The company also warned that the "guidance might be influenced negatively by further strike action". Fraport had previously expected passenger numbers at Frankfurt to grow at the lower end of a 4-7% range. Frankfurt International Airport reported a new annual passenger record in 2011, with a year-on-year growth rate of 6.5%. Fraport AG executive board chairman Dr. Stefan Schulte also said EBITDA is forecast to increase by at least 5% in 2012. In 2011, EBITDA increased by approximately 13% to EUR802.3 million. Due to the “strong” financial results in 2011, Fraport AG’s executive and supervisory boards will recommend to the AGM on 11-May-2012 that the dividend be maintained at EUR1.25 per share. [more - original PR]
Fraport reduces pax growth guidance for Frankfurt Airport, declares dividend for 2011
You may also be interested in the following articles...
Ryanair's Frankfurt move puts pressure on Lufthansa and supports its German growth ambitions
Ryanair and Fraport announced on 2-Nov-2016 that the Irish ultra-LCC will open its 85th base at Frankfurt Airport, Lufthansa's main hub. Ryanair will base two aircraft at the airport and launch four new leisure routes in Mar-2017. With a daily departure to each of Alicante, Faro, Malaga and Palma de Mallorca, it expects to attract 400,000 passengers pa.
Although Ryanair has been increasing its primary airport presence for some time, CEO Michael O'Leary had previously said that Frankfurt Airport was one of the few, alongside London Heathrow and Paris CDG, that Ryanair would not serve. Frankfurt was seen not only as too expensive, but also as too congested for Ryanair's short turnaround times. Details of Ryanair's agreement with Frankfurt Airport have not been disclosed, but it is likely that the airline has secured favourable terms in return for traffic growth targets.
Ryanair's move into Frankfurt is relatively small compared with its operations in Berlin Schoenefeld and Cologne/Bonn, but this development supports its growth ambitions in Germany. Ryanair's average revenue per passenger is half that of Lufthansa's network airlines. Its move increases the competitive pressure on Germany's national airline.
Airberlin: airline's latest, more radical, restructuring gets help from TUIFly and Lufthansa
Airberlin's operations are to be split into three. First, there will be a core network airline with hubs in Berlin and Duesseldorf, deploying approximately half the current Air Berlin Group fleet. Second, there are plans for a new leisure airline, combining part of airberlin's fleet with TUIFly. Third, a significant part of airberlin's fleet will be wet-leased to the Lufthansa Group.
As a result of these moves the operating fleet of the core airberlin network airline will slip from second to third in Germany and risks becoming subscale. Eurowings will rise from third to second, and the expanded new TUIFly will go from fifth to fourth (overtaking Thomas Cook Group's Condor).
For several years airberlin has been unable to break the cycle of losses and successive restructuring initiatives, in spite of repeated bailouts from airberlin's 29% shareholder Etihad. A number of details are still to be clarified. These include the detailed route networks for the different operators, the network airline's strategy for feed, and the balance of charter versus scheduled flights in the new leisure airline. However, for now and with help from competitors and Etihad, airberlin looks to have ensured at least some kind of future.