Tuesday, August 4, 2020

Fraport Stock Down On H1 Loss, FY20 Warning; Plans Up To 4,000 Job Cuts

Shares of Fraport were losing around 4 percent in the German trading after the airport operator reported Tuesday a loss in its first half with sharply lower revenues, hurt by travel restrictions due to the coronavirus pandemic. Looking ahead for fiscal 2020, Group result is forecast to remain clearly negative, and Group EBIT is expected to be negative.

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