India, March 18 -- Shares of Fraport AG were gaining around 2 percent in German trading after the airport operator reported Tuesday higher profit in its fiscal 2024 as revenues were benefited by increased traffic volumes and prices at Frankfurt Airport and across its international network of airports.
Looking ahead, for fiscal 2025, Fraport projects Group profit at previous year's level or slightly below, while EBITDA is expected to grow at moderate single-digit percentage. The company expects to see only moderate traffic growth in FRA this year due to the continued delays in delivery from aircraft manufacturers, which are particularly affecting its main customer, Lufthansa.
Fraport CEO Stefan Schulte said, "Despite headwinds, we've achie...