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Dynamic growth despite constraints for Fraport
Monday, March 17, 2008

Traffic at Frankfurt Airport (FRA) continued to develop dynamically in February 2008. Due to the leap-year effect, the number of passengers rose by 8.2 percent year-on-year to 3.85 million. Even after adjusting for the additional operating day (February 29), FRA still achieved about a four percent jump in passenger traffic versus February 2007. In the  first two months of the current business year, 5.8 percent more passengers used Germany’s largest air transportation hub than in the comparable period in 2007.
 
The Fraport Group’s majority-owned airports (Frankfurt, Frankfurt-Hahn, Antalya, Lima, Burgas and Varna) served a total of almost 5.1 million passengers in February 2008 – 8.5 percent more than in the same month last year.   Peru’s Lima Airport (LIM) registered  nearly 650,000 passengers (up 20.7 percent).  Fraport’s terminals at Antalya Airport (AYT) in Turkey welcomed approximately 318,000 passengers, a 6.4 percent year-on-year rise.  Frankfurt-Hahn (HHN) reported a 9.7 percent drop in traffic to 237,000 passengers.  With well over 15,000 passengers, Bulgaria’s Varna Airport (VAR) achieved growth of 23.3 percent; Burgas Airport (BOJ), the second Black Sea gateway, saw traffic grow by 36.9 percent to 791 passengers.

Vicky Karantzavelou - Monday, March 17, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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