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Fraport, Frankfurt Airport Report Passenger Traffic Growth For March, Q1

Fraport AG (FPRUF.PK), the owner and operator of Germany's Frankfurt Airport, on Monday reported higher passenger traffic for the month of March as well as the first quarter, mainly reflecting improved operations in the airport. Meanwhile, cargo traffic declined in both periods affected by uncertainties in the global economy and the night flight curfew.

In March, Fraport's five majority-owned airports, including FRA (Frankfurt Airport), grew passengers by 2.9 percent to 6.52 million, while total aircraft movements dropped 0.5 percent to 60,021 takeoffs and landings.

FRA served a total of 4.50 million passengers in March, a growth of 4.1 percent from last year, exceeding the previous monthly record set in March 2007 by more than 50,000 passengers. Aircraft movements edged down 1.2 percent as a result of strike-related flight cancellations, and maximum takeoff weights dropped 1.5 percent to 2.4 million metric tons.

Among the other four airports, traffic at Peru's Lima Airport grew 12.2 percent, while the Antalya Airport on the Turkish Riviera saw a 10.7 percent decline. On the Bulgaria Black Sea coast, traffic at Burgas Airport surged 71 percent partially due to the diversion of traffic from Varna Airport, which was temporarily closed for reconstruction work from October 15, 2011 to February 28, 2012. Following the reopening, Varna Airport recorded a 43.6 percent decline in traffic in March.

Fraport's total cargo traffic in March dropped 10 percent to 204,474 metric tons reflecting 11 percent decline in FRA. Also, Lima's cargo volume dropped 1 percent and that of Varna fell 25.5 percent. These were slightly offset by a 174.8 percent surge in Burgas traffic.

In the first quarter of fiscal 2012, Fraport recorded a 3.5 percent increase in total passenger numbers to 17.52 million, mainly on growth in FRA, Burgas and Lima, partly offset by lower traffic at Antalya and Varna.

In FRA, first-quarter traffic grew 3.5 percent to 12.2 million passengers. FRA's aircraft movements dropped 1.7 percent and MTOWs declined 1.8 percent.

Fraport's cargo traffic also fell 11 percent mainly due to lower FRA volume.

Fraport shares closed Friday's trading at 48.34 euros, down 0.66 euros or 1.35 percent on Frankfurt's Xetra.

by RTTNews Staff Writer

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