(Corrects regions where Fraport operates airports outside of Germany in paragraph 3)
(Reuters) -Frankfurt Airport operator Fraport reported on Tuesday a 38.7% slump in its first-half net profit, largely weighed down by non-recurring items booked in the previous year.
Fraport said its net profit came in at 98.6 million euros ($113.93 million), compared with 160.8 million euros a year earlier.
Fraport, which outside of Germany operates airports in regions from South America to Greece, said the non-recurring effects in 2024 included a 28-million-euro coronavirus compensation payment for Fraport Greece and a 9.1-million-euro compensation for flood damage at Porto Alegre airport.
Adjusting for revenue from construction and expansion activities at its international subsidiaries, Fraport’s group revenue rose 7.3% year-on-year to 1.9 billion euros in the first half of 2025.
The increase was supported by a 3.8% rise in passenger traffic across the group’s global airport network, with particularly strong contributions from airports in Greece and Lima.
The group confirmed its forecast for the full year.
($1 = 0.8654 euros)
(Reporting by Simon Ferdinand Eibach and Paolo Laudani; Editing by Sherry Jacob-Phillips)
