Fraport reported stronger revenue and operating earnings for the first six months of 2026, supported by continued growth across its international airport portfolio despite softer passenger traffic at Frankfurt Airport.
The airport operator generated €2.07 billion in revenue during the first half of the year, up 4.0% from the same period in 2025. Group EBITDA also increased 3.8% to €582.3 million, while net profit fell to €51.6 million, reflecting higher financing costs following the completion of major expansion projects.
International Airports Drive Revenue Growth
Revenue growth was supported by both Frankfurt Airport and Fraport’s international operations.
At Frankfurt, higher airport charges, infrastructure fees and ground handling revenue contributed to the increase, while international subsidiaries benefited from stronger passenger traffic and pricing improvements.
Among the strongest contributors were Lima Airport and Fraport Greece, where higher traffic volumes and commercial activity helped lift overall Group performance.
Passenger Growth Continues Outside Germany
While Frankfurt Airport experienced a slight decline in passenger traffic, most airports within Fraport’s international network recorded positive growth during the first half of the year.
The strongest increases were reported at Porto Alegre, where passenger numbers rose 19.2%, followed by Ljubljana Airport with 14.7% growth. Airports in Bulgaria recorded an 8.8% increase, while Fraport Greece welcomed 5.4% more passengers than a year earlier.
Frankfurt Airport, however, saw passenger traffic fall 0.8% year over year.
According to the company, around 700,000 passengers were affected by Lufthansa strike action during the period. In addition, geopolitical tensions in the Middle East contributed to higher fuel prices and weaker demand for travel to the region, prompting airlines to reduce flight capacity.
Higher Interest Costs Weigh on Net Profit
Although operating performance improved, Fraport’s net profit declined by 47.7% compared with the first half of 2025.
The decrease was largely attributed to higher interest expenses following the completion of major infrastructure investments, including the new terminals at Frankfurt Airport and Lima Airport.
As construction projects reached completion, fewer borrowing costs could be capitalised, resulting in higher financing expenses being recognised in the company’s financial results.
Outlook for 2026 Unchanged
Despite ongoing market uncertainty, Fraport has maintained its full-year financial outlook.
The company expects passenger traffic at Frankfurt Airport to remain broadly in line with last year’s total of approximately 63.2 million passengers, reflecting the continued impact of industrial action and geopolitical developments.
Fraport continues to forecast Group EBITDA of up to €1.5 billion for 2026, above last year’s €1.44 billion, while expecting its international airport portfolio to remain the main driver of growth.
Net profit is still forecast to decline compared with 2025 due to higher interest expenses and increased depreciation associated with recently completed expansion projects.
