Frankfurt airport expects fewer passengers due to terrorism fears

Fraport, which operates Germany's biggest airport in Frankfurt, warned Thursday that its passenger numbers would fall in 2016 as a result of terrorism fears.

As part of its quarterly results announcement Thursday, Fraport amended an earlier estimate that passenger numbers would rise by between 1 and 3 per cent in 2016. The group now forecasts a "slight reduction" in numbers this year.

Chief executive Stefan Schulte said that the drop in passenger numbers would not have an adverse impact on Fraport's revenue projections for 2016 because of the company's sale of its stake in the operator of the St Petersburg airport.

Fraport's second-quarter results showed its revenue dropping by 2 per cent to 652 million euros (726 million dollars) and its profits sag by 10 per cent to 79 million euros.

Brussels and Istanbul airports became the target of terrorist attacks on March 22 and July 28 respectively, resulting in dozens of casualties.

Last update: Thu, 04/08/2016 - 11:17

More from Europe

Bulldozers converge on charred remains of Calais migrant camp

Smoke rose over the remains of the charred migrant camp near the northern port city of Calais on Thursday, as most...

Putin: "stupid" to think Russia is preparing attack on NATO state

Russia is not preparing to attack a NATO member state, as that is "just unthinkable, stupid and unrealistic,"...

Germany denies custody to refugee who put his baby up for sale online

A man who offered his 40-day-old baby girl for sale on the internet has been denied custody of his daughter and will...

Italy seizes 77 million euros of cocaine from ship coming from Brazil

Some 385 kilogrammes of "very pure" cocaine, with a market value of 77 million euros (85 million dollars), were...

Report: Survivors tell Italian police 51 migrants missing at sea

Fifty-one migrants are missing in the Mediterranean Sea, people who were travelling with them told Italian police...