Fraport facing 'global aviation's worst-ever crisis': CEO

Fraport executive board chairman and CEO Stefan Schulte said (06-May-2020) the world is experiencing "global aviation's worst-ever crisis" and that the post-pandemic aviation industry "won't be the same". He added that the company is continually reassessing steps to reduce costs, and that depending on how long the coronavirus crisis lasts and "how far the aviation market shrinks before it begins reviving", it will have to continue to "appropriately" reduce expenditures for materials and staff. [more - original PR]