
Fraport Shares Jump After Q3 Earnings Beat Expectations
âĒBy ADMIN
German airport operator Fraport AG saw its shares surge nearly 9% as it delivered a strongerâthanâexpected thirdâquarter performance. The company reported an adjusted EBITDA of âŽ593.1âŊmillion, surpassing consensus estimates of around âŽ533âŊmillion.
The gain was driven in part by a âŽ50âŊmillion pensionârefund that reduced personnel costs.
However, while the fullâyear financial guidance was maintained, Fraport trimmed its passenger forecast for its home hub, Frankfurt Airport, to around 63âŊmillion in 2025, citing elevated regulatory and airâtraffic charges.
Despite that, the broader group has achieved a milestone: several of its international airport units are already surpassing preâCOVID traffic levels.
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