Fraport Group Records Growth in Operating Business in First Quarter of 2026

Passenger growth across all international markets – 5.2 percent revenue increase (without IFRIC 12) – EBITDA rises by 10.4 percent – Outlook confirmed  

The Fraport Group reported positive operational performance in the first quarter of the 2026 fiscal year (ending March 31). Robust passenger growth across all markets worldwide where airport operator Fraport is active led to notable improvements in the Group’s key operational indicators. Despite Q1 traditionally being the weakest quarter of the year for traffic, the operating result or EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by €18.5 million to €196.0 million. However, due to completed expansion projects, the Group result decreased year-on-year by €6.7 million to -€33.1 million.

Fraport CEO Dr. Stefan Schulte said: “The Fraport Group is on track in the first quarter. Despite the outbreak of the Iran war, we saw growth across all our markets. In Frankfurt, declines in Middle East traffic were offset by growth in traffic to other regions, particularly to the Far East. For the full year, we are maintaining our forecast for 2026, supported in particular by recent statements from the German Government that jet fuel supplies are currently secure.”

Group result traditionally weaker in the first quarter

After adjustments for revenues from construction and expansion measures (in line with IFRIC 12), revenue across the Group rose by 5.2 percent to €853.4 million. Growth in Frankfurt resulted mainly from higher revenues from airport charges due to price adjustments (+€12.4 million), as well as increased revenue from ground services (+€9.3 million) and infrastructure charges (+€6.2 million). In the international airport portfolio, Latin America-based group companies in Lima (+€8.2 million) and Brazil (+€6.0 million) made particular contributions to revenue growth. The operating result (EBITDA) benefited from this positive revenue performance, rising by €18.5 million (10.4 percent) to €196.0 million. The Group result (net profit) fell to -€33.1 million, primarily due to higher interest expenses and increased depreciation and amortization. These expenses rose as expected following the completion of expansion projects in Lima and Antalya, resulting in an overall net profit decline of €6.7 million compared to the same period last year.  

Passenger traffic grows across the Group

In the first quarter of 2026, traffic at Frankfurt Airport increased by 2.3 percent, to 12.7 million passengers. The outbreak of the Iran war, weather-related cancellations, and strike days in February and March all had a dampening effect on growth. However, lower demand for Middle East traffic was offset by growth for other regions, especially the Far East.

Fraport also recorded higher year-on-year passenger numbers across all of its international markets. Some airports even saw double-digit growth, boosted among other things by the earlier timing of the Easter holidays. These included Porto Alegre (+26.0 percent), Ljubljana (+18.2 percent), the two coastal Bulgarian airports (+15.8 percent) and Fortaleza (+13.4 percent).

Overall traffic across the Group for the first quarter rose by 5.2 percent to 28.6 million passengers.

Outlook for the 2026 fiscal year

Based on the assumption of continued security in jet fuel supply, the Executive Board is maintaining its forecasts for Group-wide traffic growth following the completion of the first quarter of 2026. Group traffic is still expected to rise to around 188–195 million passengers. As a result, the Executive Board is confirming its expectations for the Group’s asset, financial, and earnings indicators, as well as the forecast segment growth for the full year 2026. Likewise, Group EBITDA is projected to increase, reaching up to approximately €1.5 billion. The Group result (net profit) is expected to decline, primarily due to increased interest expenses and higher depreciation and amortization following the completion of major expansion projects.

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