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Fraport profit falls 20.1% to €157.3 million

Fraport suffered a 20.1% decline in profit last year, reporting a €157.3 million ($212.8 million) surplus on a 6.1% fall in revenue to €1.97 billion. EBIT was down 19.2% to €290.4 million. Frankfurt Airport handled some 51 million passengers during the year, down 4.7%, while freight slipped 10.1% to 1.8 million tonnes. Aircraft movements decreased 4.7% to 463,111. "The best thing about last year's financial results is our outlook for 2010," Chairman Stefan Schulte said.

Fraport suffered a 20.1% decline in profit last year, reporting a €157.3 million ($212.8 million) surplus on a 6.1% fall in revenue to €1.97 billion. EBIT was down 19.2% to €290.4 million. Frankfurt Airport handled some 51 million passengers during the year, down 4.7%, while freight slipped 10.1% to 1.8 million tonnes. Aircraft movements decreased 4.7% to 463,111. "The best thing about last year's financial results is our outlook for 2010," Chairman Stefan Schulte said. "We are optimistic ...

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