Tuesday, March 15, 2022

Fraport Turns To Profit In FY21, Sees Higher FY22 Results; Stock Down

German airport operator Fraport reported Tuesday a profit in its fiscal 2021, compared to last year's loss, benefited by higher passenger demand and strict cost reductions. Looking ahead for fiscal 2022, the company said it initially expects lower passenger traffic dynamics in the first few months, but sees higher results for fiscal 2022. Fraport shares were losing around 7 percent.

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