Fraport AG, the operator of Frankfurt Airport, and AeroGround Flughafen München GmbH, a wholly-owned ground handling subsidiary of Flughafen München GmbH (the operator of Munich Airport), have developed a joint virtual reality (VR) training tool for ground handling operations.
Frankfurt Airport (FRA) welcomed more than six million passengers in April 2019, a gain of 5.1 percent year-on-year. This noticeable increase can also be attributed to the Easter traffic, which occurred completely in April 2019 due to the later Easter holidays this year (compared to 2018).
Today (April 29), Fraport AG laid the cornerstone for Frankfurt Airport’s new Terminal 3, one of Europe’s largest privately financed infrastructure projects. Numerous guests and construction workers attended the ceremony, which marked the start of above-ground construction.
Fraport AG’s executive board chairman, Dr. Stefan Schulte, struck a positive note at the company’s Annual General Meeting (AGM) today: “We can look back on a very successful 2018. Supported by strong growth in passenger traffic at Frankfurt Airport and our international locations, we achieved a new record high for revenue and earnings.
Fraport AG has purchased a further 10-percent stake in Lima Airport Partners S.R.L. (LAP) – operator consortium of Jorge Chavez International Airport Lima – from AC Capitales’ Infrastructure Fund, which held the stake for over 10 years.
25 years ago, the very first aircraft arrived at Terminal 2: a Cathay Pacific Boeing 747 from Hong Kong with 350 passengers onboard. Since the official inauguration on October 24, 1994, Frankfurt Airport’s Terminal 2 has been the departure point, destination or stopover for some 200 million travelers.
On March 6, Fraport AG inaugurated a €6 million training center for the Fraport Aviation Academy at Ljubljana Airport (LJU) in Slovenia. This new training facility will allow the Fraport Group to expand its international training activities to meet the growing demand from external and the internal customers – partcularly in the areas of firefighting, emergency services, crisis management, ground handling.
Frankfurt Airport (FRA) continues to strengthen its status as Germany’s leading international aviation hub. Starting on March 31, travelers will be able to fly from Frankfurt to a total of 306 destinations in 98 countries. In this year’s summer season, the number of flights will increase moderately (by more than one percent) compared to last year. Seat capacity will also grow by between one and two percent.
In the 2018 fiscal year (ending December 31), Fraport AG continued on its growth path, achieving new records in revenue and earnings. Supported by strong passenger growth at its Frankfurt Airport home base and its Group airports worldwide, revenue climbed by 18.5 percent to nearly €3.5 billion.
At Fraport AG’s regular Annual General Meeting (AGM) today, 99.97 percent of the shareholders approved the recommended dividend of €2.00 per share. Thus, the dividend for fiscal year 2018 will increase by 50 euro cents, or by one third compared to the previous year.