The Fraport Group (Fraport) closed the 2024 fiscal year with significant growth in revenue, profit and passenger numbers, driven by increased traffic volumes and pricing at Frankfurt Airport and its international airports. The global airport operator recorded a 16.6% rise in net profit, reaching €501.9 million.
According to Fraport CEO Dr. Stefan Schulte, the Group achieved a solid result despite challenges such as aircraft delivery bottlenecks and rising regulatory costs. He warned that if no political action is taken, regulatory costs could rise by an additional €1.2 billion in 2025, impacting airlines. However, strong performances from Fraport Group's international airports, particularly in Lima, Ljubljana, Antalya and Greece, helped support growth.
Total revenue increased by 10.7% to €4.43 billion. Adjusted revenue, excluding construction-related income from subsidiaries, rose by 11.7% to €3.89 billion. Group EBITDA reached €1.30 billion, up 8.1% from 2023. Operating cash flow also grew significantly by €315.9 million to €1,179.1 million, though heavy investments in expansion projects in Lima and Frankfurt led to a slight decrease in free cash flow to minus €674.7 million.
Passenger volumes grew across most of the Group's airports. Frankfurt Airport handled around 61.6 million passengers, a 3.7% increase year-on-year. European traffic rose by 4.2%, driven by demand for city breaks and sunny destinations, while intercontinental traffic increased by 3.4%. Asia led the way, particularly China, which recorded the highest absolute growth. Indian routes also contributed to the positive trend. Domestic German traffic grew by 2% but remained below pre-pandemic levels.
Cargo throughput in Frankfurt climbed by 6.2% to 2.1 million metric tonnes, supported by rising e-commerce demand and sea freight constraints due to geopolitical tensions.
Internationally, Fraport Group's airports reported strong results, with Lima up 15.2%, Ljubljana up 13.3%, Antalya up 6.5%, and the 14 Greek airports up 6.4%. Passenger numbers at international airports surpassed pre-pandemic 2019 levels by 1.3%, underscoring the Group's resilient recovery and growth. (€1.00 = US$1.08 at time of publication).
