7-Aug-2009 11:15 AM

Fraport expects downturn to hit pax traffic for remainder of 2009

Fraport expects global financial downturn to affect passenger traffic for the remainder of the year, based on business development in 1Q2009 and 2Q2009 (Reuters, 06-Aug-09). Fraport added its 2009 earnings may be worse than originally expected (down 15% year-on-year), if the impact of the swine flu outbreak intensifies.