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First Half 2003: Airfreight and Aircraft movements develop positively at Frankfurt Airport
Friday, August 01, 2003
Almost 22.5 million passengers traveled through Fraport AG`s homebase Frankfurt Airport (FRA) during the first six months of 2003, only a 2.1-percent decline over the same period in 2002. The weak global economy, the Iraq war and the SARS infectious disease were the main reasons for this drop. In contrast, FRA`s airfreight tonnage grew during the first six months of 2003 - almost 798,600 metric tons of air cargo and airmail were handled or 2.2 percent more than last year. The number of aircraft movements also increased by 1.4 percent to over 225,600 take-offs and landings.

At Germany`s biggest airport (FRA), wide-body jets accounted for 24.3 percent of all aircraft taking off and landing. Two thirds of all wide-body aircraft coming to Germany land at Frankfurt Airport. Unchanged, traffic at Frankfurt Airport accounted for 70 percent of all intercontinental flights from Germany during the first six months of 2003. Thus, Frankfurt Airport expects increasing traffic figures for the second half of 2003 and for the current high season in particular.

Groupwide the Fraport Group comprises six airports: Frankfurt/Main (Germany), Antalya (Turkey), Frankfurt-Hahn (Germany), Hanover (Germany), Lima (Peru) and Saarbr
Vicky Karantzavelou - Friday, August 01, 2003
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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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