Fraport AG has reported that passenger growth had a positive effect on retail revenue (€9.6m/$10.8m) – including advertising revenue amounting to €4.7m ($5.3m) – in the first six months of 2019.

The net retail revenue per passenger increased by 6.5% to €3.26 compared to the previous year (6M 2018: €3.06).

At approximately 33.6m, passenger numbers at Frankfurt Airport grew by 3.0%. The Group’s other airports posted ‘mostly’ positive growth rates as well. Only Bulgaria reported a decline in passenger numbers.

“In Frankfurt, revenue growth [was a result] of higher revenue from security and ground services, airport and infrastructure charges as well as retail and parking revenue,” says Fraport.

Fraport AG laid the cornerstone for Terminal 3 at Frankfurt Airport on 29 April this year and will invest up to €4bn in the ‘Airport Expansion South’ project over the next few years.

Click to enlarge tables.

FRANKFURT AIRPORT’S PIER G FIRST TO BE BUILT

By 2021, Pier G will be the first to be built with a capacity of up to 5m passengers. “The pier is being built as a full and modern terminal building and will be integrated into Terminal 3 at a later stage,” says Fraport AG.

“Completion of the terminal main building with Pier H and Pier J is planned for 2023. The addition of these piers will bring the overall capacity to up to 21m passengers. It will also be possible to expand Terminal 3 with Pier K at a later date. Once the expansion project is fully completed, capacity will increase to 25m travellers.”

Fraport Group’s total revenue increased by 16.4% in the first six months of 2019 to €1,783.0m (+€250.8m).

The expansion and modernisation works at the Greek airports in Chania, Zakynthos, and Kavala were completed in the first quarter of 2019. By the end of fiscal year 2019, works at Aktion, Kefalonia, Mytilene, Rhodes, Samos, and Skiathos Airports will also be complete.

As reported, in May Fraport AG purchased an additional 10.0% share in Lima Airport Partners S.R.L. from the infra- structure fund of AC Capitales at a price of €40.3m.

“This purchase brings the total percentage of ownership in the Group company Lima from 70.01% to 80.01%,” confirms Fraport. “Fraport has thus strengthened its position as majority shareholder and operator of Lima Airport, which is currently in the expansion and growth phase.”