Fraport Group Operating Performance Improves in First Half

4.0 percent revenue increase – Group EBITDA rises by 3.8 percent – Net profit remains below previous year’s level in line with expectations – Outlook confirmed  

In a highly volatile market environment, the Fraport Group has improved key operational indicators in the first half of the current fiscal year (ending June 30), with revenue up 4.0 percent and EBITDA up 3.8 percent. However, as expected, the Group result (net profit) of €51.6 million remained below the previous year’s level (down 47.7 percent). The lower result stems from accounting effects, particularly in relation to the commissioning of the new terminals in Lima and Frankfurt.    

Fraport CEO Dr. Stefan Schulte said: “While passenger volumes in Frankfurt are stagnating due to strikes and the current geopolitical situation in the Middle East, traffic is growing at most of Fraport Group's airports outside Germany. Our broad diversification strategy is an important anchor of our stability – especially during these very volatile times. Financially, we remain on track. We are therefore maintaining our forecast for the full year, in terms of our financial guidance.”

Financial performance on track, despite volatile environment

The Fraport global airport company achieved revenue of €2,069.1 million in the first six months of 2026. This represents an increase of 4.0 percent compared to the same period last year. Adjusting for revenues resulting from construction and expansion measures at Fraport’s international subsidiaries (in line with IFRIC 12), Group revenue increased by 4.5 percent to €1,981.0 million. At FRA, the rise was driven by higher revenues from ground services (up €12.9 million), airport charges (up €10.9 million), and infrastructure fees (up €10.1 million), reflecting price adjustments. Outside Frankfurt, traffic growth and price-related effects at the Lima (up €21.9 million) and Fraport Greece (up €15.6 million) subsidiaries made particular contributions to the overall result. The operating result or EBITDA (earnings before interest, taxes, depreciation, and amortization) benefited from this positive revenue performance, rising to €582.3 million (up 3.8 percent).

At -€194.7 million, the financial result decreased year-on-year (6M 2025:
-€167.4 million). This was attributable to a €43.2 million rise in interest expenses, primarily due to lower capitalization of interest expenses relating to construction work, following the completion of the new terminals in Lima and Frankfurt. As expected, these circumstances resulted in the Group result being 47.7 percent lower, at €51.6 million.

Passenger traffic: growth outside Germany, drop in Frankfurt

Most of the airports in Fraport’s international portfolio experienced positive passenger growth. Particularly strong increases were recorded at Porto Alegre (up 19.2 percent), Ljubljana (up 14.7 percent), and the airports in Bulgaria (up 8.8 percent) and Greece (up 5.4 percent). In contrast, passenger numbers in Frankfurt slipped by 0.8 percent in the first half of the year. At FRA, nearly 700,000 passengers were affected by strikes at Lufthansa alone. The geopolitical situation in the Middle East led to significant oil price increases and reduced demand for travel to the region, prompting airlines to cut capacities. More details on the Fraport traffic figures are available here.               

Outlook for the full 2026 fiscal year

After the completion of the first half of 2026, the Fraport Executive Board is maintaining its forecast for the asset, financial, and earnings position of the Group for the current fiscal year. Due to strikes, geopolitical tensions in the Middle East, and associated reduced airline capacities, Fraport expects passenger volumes in Frankfurt to remain at roughly the previous year’s level, at about 63.2 million. The slightly weaker traffic performance will have a restraining effect on earnings performance. However, Fraport’s Executive Board continues to expect largely positive performance for the Group’s international airport portfolio.

As previously indicated, Group EBITDA is expected to be higher year-on-year, in a range of up to around €1.5 billion (2025: €1.44 billion). The Group result (or net profit) is still expected to decline year-on-year. This is primarily due to increased interest expenses, as well as higher depreciation and amortization resulting from completed expansion projects.

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