13-Aug-2009 1:20 PM
Fraport gains on stabilising traffic decline, European airports up while Chinese airports slump
Analysis
Germany's Fraport, operator of Frankfurt Airport, reported stabilising traffic declines in Jul-2009 with passenger numbers down 3.3% and overall cargo volume declines in the single-digits. Its shares were virtually flat yesterday, closing up 0.1%. Aircraft movements at Frankfurt Airport deteriorated further, registering a 5.3% reduction, after a 4.6% fall in Jun-2009.
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