Fraport: stock rises despite quarterly loss
(CercleFinance.com) - The Fraport share is up 2% in Frankfurt despite announcing a net loss of 77.
5 million euros for the first three months of 2021, with the group still ravaged by the Covid-19 pandemic. However, it maintains its targets for FY 2021.
With passenger traffic still down at Frankfurt and the group's other airports worldwide, its quarterly revenues slumped over 40% year-on-year to 385 million euros, while its EBITDA dived 69% to 40.2 million euros.
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