|Bid||52.70 x 30500|
|Ask||52.70 x 8900|
|Day's Range||52.65 - 54.95|
|52 Week Range||27.59 - 57.52|
|Beta (5Y Monthly)||1.91|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 27, 2020|
|1y Target Est||N/A|
FRA/gk-rap – Frankfurt Airport (FRA) welcomed some 18.8 million passengers in 2020, representing a decrease of 73.4 percent compared to 2019. With the outbreak of the Covid-19 global pandemic, Frankfurt Airport started to experience a major decline in passenger traffic in mid-March 2020. Between April and June, traffic almost came to a complete standstill – with weekly passenger figures plummeting by up to 98 percent year-on-year. Following a slight traffic recovery in the third quarter of 2020, a new rise in coronavirus infection rates led to intensified travel restrictions. This resulted in passenger numbers falling sharply once again in September and remaining low for the rest of the year.
FRA/rap – In October 2020, Frankfurt Airport (FRA) served some 1.1 million passengers – an 83.4 percent decline compared to the same month last year. FRA's cumulative traffic during the January-to-October 2020 period fell by 71.6 percent, because of low passenger demand resulting from the persisting travel restrictions amid the Covid-19 pandemic. In contrast, Frankfurt Airport recorded very positive cargo performance, exceeding year-on-year levels for the first time since 15 months. In October 2020, FRA's cargo throughput (comprising airfreight and airmail) grew by 1.6 percent to 182,061 metric tons – with cargo-only flights more than compensating for the ongoing capacity constraints for "belly freight" (transported on passenger aircraft). This high cargo demand can be attributed mainly to the upturn in global trade and the solid performance of the Eurozone's industrial sector.
FRA/gk-rap – During the first nine months of 2020, Fraport AG's financial performance was severely impacted by the Covid-19 global pandemic. The Group's revenue declined by more than a half in the reporting period. Despite comprehensive cost-saving measures, the Fraport Group registered a net loss of €537.2 million – which includes expenses of €280 million earmarked for measures aimed at lowering personnel costs. Passenger traffic at Frankfurt Airport (FRA) declined by 70.2 percent year-on-year, with 16.2 million travelers served from January to September 2020.