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Fraport Group: 1Q2020 results
Outlook remains uncertain
In the first three months of 2020, the business of airport operator Fraport was heavily impacted by the outbreak of the COVID-19 pandemic. For the first time since the Group’s IPO in 2001, its net profit (Group result) was in negative territory. Steps to reduce costs were only partly able to offset the decline in revenue resulting from a steep drop in passenger volumes in March. That month the total p...
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