Company Overview of Fraport AG
Fraport AG owns and operates the Frankfurt Airport in Germany, rest of Europe, Asia, and internationally. The company operates through four segments: Aviation, Retail & Real Estate, Ground Handling, and External Activities & Services. The Aviation segment offers airside and terminal management, corporate safety and security, and airport security management services at its Frankfurt Airport and other airports. The Retail & Real Estate segment is involved in the retailing and parking lot management activities; and rental and marketing of areas at its Frankfurt site. The Ground Handling segment provides ground and central infrastructure services at its Frankfurt site. The External Activities & ...
Frankfurt Airport Services Worldwide
Frankfurt am Main, 60547
Founded in 1924
Key Executives for Fraport AG
Chairman of Executive Board and Chief Executive Officer
Total Annual Compensation: €1.2M
Chief Financial Officer, Member of the Executive Board and Executive Director of Finance & Controlling
Total Annual Compensation: €861.4K
Executive Director of Operations and Member of Executive Board
Total Annual Compensation: €841.2K
Executive Director of Labor Relations and Member of Executive Board
Total Annual Compensation: €790.1K
Compensation as of Fiscal Year 2015.
Fraport AG Key Developments
Brazilian Airports Up For Grab At Privatisation Due To Take Place In March 2017
Jan 27 17
Brazilian Airports are up for grab at privatisation due to take place in March 2017. The airports to be prevaricated are Pinto Martins - Fortaleza International Airport, Deputado Luís Eduardo Magalhães International Airport (Salvador International Airport), Florianopolis - Hercilio Luz International Airport and Porto Alegre Cia.Naviera SA. There is thought to be interest from VINCI SA (ENXTPA:DG), Fraport AG (XTRA:FRA), Aena, S.A. (BME:AENA), Flughafen Zürich AG (SWX:FHZN), Consorcio Inframérica Aeroportos, CCR S.A. (BOVESPA:CCRO3), Investimentos e Participações em Infraestrutura S.A. - INVEPAR
, EcoRodovias Infraestrutura e Logística S.A. (BOVESPA:ECOR3). The process will represent a concession debut for the government of Michel Temer. The preparation of a bid alone will cost those involved BRl 5 million. Unlike the previous processes, the bulk of the winning bid must be handed over immediately. The minimum bids for the four airports amount to BRL 2.9 billion with 309-year investment of BRL 6 billion expected at least. It is impossible to please everybody all of the time - Fernando Vilella, a lawyer at Siqueira Castro, the legal representative of Fraport, says that the rules regarding environmental impact are unclear and could lead to unexpected costs for concession-operators.
Fraport AG Reports Frankfurt Airport Consolidated Traffic Results for the Month and Year Ended December 2016
Jan 13 17
Fraport AG reported consolidated traffic results for the month and year ended December 2016. In 2016, Frankfurt Airport (FRA) served a total of 60,792,308 passengers, thus surpassing the 60 million passenger mark once again and remaining almost at the previous year's level (down 0.4%). Following a slowdown in the summer period of 2016 caused by geopolitical factors, passenger traffic clearly picked up again towards the end of the year. Without weather and strike-related flight cancellations, passenger numbers would have risen by approximately 0.4% during 2016. Cargo (freight & mail) was 2,152,477. Aircraft movements were 462,885. Seat load factor was 76.9%.
In December 2016, almost 4.3 million passengers passed through Frankfurt Airport (up 3.9%). This represents a new December record for FRA, breaking the previous peak level of 2011. Cargo traffic, too, saw a particularly strong December month, with tonnage growing by 7.6% to 188,635 metric tons. This was driven by the recovery in world trade and a rise in demand for exports in the Euro zone stimulated by the weak euro, as well as the ongoing dynamic growth of the German economy. Maximum takeoff weights shrank by 0.5% to about 2.2 million metric tons in December 2016, while the number of aircraft movements remained stable at 33,941 takeoffs and landings. Aircraft movements were 33,941. Seat load factor was 75.2%.
Fraport AG to Report December,2016 Operating Results on Jan 13, 2017
Jan 2 17
Fraport AG announced that they will report December, 2016 operating results on Jan 13, 2017
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