Latest news with #Fraport
Travel Daily News
02-06-2025
- Business
- Travel Daily News
Fraport subsidiary opens Terminal in Lima
Lima Airport opens new terminal, tripling capacity, enhancing technology, and boosting connectivity, positioning Jorge Chávez Airport as a major South American hub. Fraport subsidiary Lima Airport Partners (LAP) celebrate the official opening of the new terminal at Lima's Jorge Chávez International Airport (LIM) in the Peruvian capital. On the night of May 31 to June 1, airlines, government agencies, and partners will relocate from Lima's old terminal to the new one. The opening was preceded by a two-week soft launch period involving four airlines to ensure an efficient start of operations and operational stability. The new terminal is three times bigger than the previous one. By the end of 2025, it will be expanded further to cover 270,000 square meters, providing enough capacity to receive up to 40 million passengers annually. Thanks to its modular design, the terminal's capacity can be increased to accommodate future growth. The approximately USD 2 billion expansion program that began in 2019 involved building both the terminal itself and related infrastructure. Key elements of the project included a second runway, a new air traffic control tower, aircraft parking positions, energy supply facilities, transportation connections, and parking facilities for passengers and visitors. Fraport CEO Dr Stefan Schulte says: 'The opening of the terminal is a milestone – not just for Fraport, but also for Peru and South America. Our goal is to make Lima one of the continent's most important hubs, providing a boost to tourism, air cargo traffic and connectivity for all Peruvians. The opening of this flagship project clearly symbolizes our commitment to Peru. We've worked together with our Lima Airport subsidiary and our partners to build the new terminal and the first Airport City in South America, connecting air travel with cargo, logistics, retail, and hotels.' The new terminal will feature future-proofed technologies, including highly efficient CT scanners for aviation security, while at the same time reflecting Peru's history and culture. Works created in partnership with local Peruvian artists are located throughout the terminal, representing the country's three regions – the coast, the rainforest, and the mountains. In addition, restaurants across more than 8,000 square meters of floorspace will inspire travelers to savor Peru's outstanding, world-famous cuisine. This combination means the new Jorge Chávez International Airport is set to offer a unique passenger experience. Lima Airport Partners CEO José Salmon says: 'The new terminal is the heartbeat of Peru. This airport will create approximately 120,000 jobs, benefiting our neighboring communities. Furthermore, the airport will contribute to our country's economic growth, creating jobs for future generations, boosting business, and promoting the recovery of tourism.' LIM will also be the first airport in South America to use a digital apron management system. The system allows airport controllers to monitor and control taxiing traffic from the terminal with the aid of cameras. The implementation of this technology represents a significant milestone in Lima Airport's journey toward operational excellence. Fraport AG has been operating in Lima since 2001. The Fraport Group holds an 80.01 percent stake in LAP, the airport's operating company (the remaining 19.99 percent is held by International Finance Corporation). LAP has a concession to manage the airport in Lima until 2041, with an option for an extension.
Business Standard
23-05-2025
- Business
- Business Standard
GMR Airports tumbles after Q4 net loss widens to Rs 253 cr
GMR Airports Infrastructure declined 2.05% to Rs 87.15 after the company's consolidated net loss widened to Rs 252.66 crore in Q4 FY25 as against a net loss of Rs 167.58 crore reported in Q4 FY24. Revenue from operations jumped 17.02% year on year (YoY) to Rs 2,863.34 crore in the quarter ended 31 March 2025. The company reported a pre-tax profit of Rs 195.84 crore during the quarter, compared with a pre-tax loss of Rs 148.39 crore in the corresponding quarter of the previous year. During the fourth quarter, EBITDA stood at Rs 1,122.74 crore in the March quarter 2025, registering a growth of 19.39% YoY. Total expenses rallied 13.73% YoY to Rs 1,854.02 crore in the quarter ended 31 March 20025. Cost of materials consumed stood at Rs 42.80 crore (up 38.37% YoY), employee benefits expenses were at Rs 393.52 crore (up 10.45% YoY), and other expenses were at Rs 586.63 crore (down 5.11% YoY) in Q4 FY25. The company has successfully concluded the purchase of a 10% equity stake in Delhi International Airport Limited (DIAL) from Fraport AG Frankfurt Airport Services Worldwide (Fraport). GAL entered into a Share Purchase Agreement (SPA) with Fraport for the acquisition, and following the receipt of requisite approvals and the fulfillment of conditions precedent, the transfer of shares and exchange of consideration has been completed. As a result of this acquisition, GAL's shareholding in DIAL has increased from 64% to 74%. Meanwhile, The GMR Airports in its release said that GMR Hyderabad International Airport (a Subsidiary of the GMR Airport) has entered into a Share Purchase Agreement (SPA) to acquire 70% stake in its associate company, ESR GMR Logistics Park, with other shareholders of EGLPPL. The consideration for the acquisition is up to Rs 41.33 crores at a fair value, which has been determined by an independent valuer. The acquisition is anticipated to be completed in a month, provided that specific precedents are met and approvals are obtained. GMR Airports Infrastructure is mainly engaged in the development, maintenance, and operation of airports; generation of power; coal mining and exploration activities; development of highways; and development, maintenance, and operation of special economic zones.
Travel Daily News
19-05-2025
- Business
- Travel Daily News
Passenger numbers grow at Fraport airports worldwide in April
Fraport annpunced that in April 2025, a total of 5.3 million passengers travelled via Frankfurt Airport (FRA), representing an increase of 4.8 percent compared to the same month last year. FRA saw particularly strong demand for flights to warm-weather destinations in Italy, Spain, and Türkiye. Aircraft movements climbed by 4.3 percent to 39,168 takeoffs and landings. Maximum takeoff weights (or MTOWs) were around 2.4 million metric tons, an expansion of 3.2 percent year-on-year. The airports in Fraport's global network also recorded passenger growth in April 2025. Ljubljana Airport (LJU) in Slovenia registered a 12.7 percent traffic increase on April last year, with 125,567 travelers. In South America, Fraport's two Brazilian airports of Fortaleza (FOR) and Porto Alegre (POA) served a total of 1.0 million passengers, a rise of 7.2 percent. Similarly, Peru's Lima Airport (LIM) saw traffic grow by 8.4 percent to roughly 2.0 million passengers. In Greece, the 14 airports operated by the Fraport Group welcomed a total of 1.8 million passengers, up 4.9 percent year-on-year. Notably, traffic at the two Bulgarian coastal airports of Burgas (BOJ) and Varna (VAR) surged by 29.8 percent to 128,058 passengers overall. On the Turkish Riviera, Antalya Airport (AYT) achieved traffic growth of 6.6 percent, serving 2.6 million passengers in the month under review. The total number of passengers at all airports actively managed by the Fraport Group grew by 6.2 percent year-on-year to around 13.0 million in April 2025.
Yahoo
17-05-2025
- Business
- Yahoo
Earnings Update: Fraport AG (ETR:FRA) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
As you might know, Fraport AG (ETR:FRA) recently reported its quarterly numbers. The statutory results were mixed overall, with revenues of €869m in line with analyst forecasts, but losses of €0.18 per share, some 3.8% larger than the analysts were predicting. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Taking into account the latest results, Fraport's 15 analysts currently expect revenues in 2025 to be €4.41b, approximately in line with the last 12 months. Per-share earnings are expected to accumulate 4.4% to €4.72. Yet prior to the latest earnings, the analysts had been anticipated revenues of €4.41b and earnings per share (EPS) of €4.72 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. View our latest analysis for Fraport The analysts reconfirmed their price target of €64.24, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Fraport, with the most bullish analyst valuing it at €90.00 and the most bearish at €40.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that revenue is expected to reverse, with a forecast 1.5% annualised decline to the end of 2025. That is a notable change from historical growth of 17% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 3.6% annually for the foreseeable future. It's pretty clear that Fraport's revenues are expected to perform substantially worse than the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Fraport's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €64.24, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Fraport analysts - going out to 2027, and you can see them free on our platform here. However, before you get too enthused, we've discovered 1 warning sign for Fraport that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Fraport First Quarter 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: €885.7m (down 2.9% from 1Q 2024). Net loss: €16.3m (down by 200% from €16.3m profit in 1Q 2024). €0.18 loss per share (down from €0.18 profit in 1Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.8%. Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Infrastructure industry in Europe. Performance of the market in Germany. The company's shares are down 3.5% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Fraport that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
