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Fraport Group: first nine months 2020

Frankfurt Airport’s passenger decline expected to exceed 70% for full-year

During the first nine months of 2020, Fraport AG’s financial performance was severely impacted by the Covid-19 global pandemic. The Group’s revenue declined by more than a half in the reporting period. Despite comprehensive cost-saving measures, the Fraport Group registered a net loss of €537.2 million – which includes expenses of €280 million earmarked for measures aimed at lowering personnel costs. Pa...

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AVIONEWS - World Aeronautical Press Agency