Tag: Stefan Schulte

Europe’s airports face €360bn investment gap, industry warns

Europe’s airports will need to invest around €360 billion by 2040 to remain viable, modern and climate-ready, according to a major new report released by ACI EUROPE. The study, produced with consultancy Boston Consulting Group (BCG), warns that structural changes in aviation – including slowe...

Fraport Group returns to positive cash flow as global passenger numbers reach pre-pandemic levels

Fraport Group has reported stronger financial results for the first nine months of 2025, with growth across all key indicators and a return to positive cash flow for the first time in seven years. The German airport operator said group revenue rose 7.8% year on year to €3.2bn, after adjustments...

Frankfurt Airport returns to growth in second quarter of 2025

Frankfurt Airport (FRA) welcomed approximately 5.8 million passengers in June 2025, an increase of 2.9 percent compared to the same month last year. This year’s June figures received an additional boost from the later timing of the Whitsun school vacation, which fell in May in 2024. Warm-wea...

Stefan Schulte elected to lead European airport association

European airports’ trade association, ACI EUROPE (Airports Council International) yesterday held its General Assembly as part of its 35th Annual Congress and General Assembly, hosted by Athens International Airport in Athens, Greece. During the General Assembly, Dr Stefan Schulte, CEO of Frapor...

Passenger numbers in Frankfurt remain stable in march

Frankfurt Airport (FRA) served some 4.6 million passengers in March 2025. Passenger traffic during the month was impacted by a full-day strike on March 10, which led to an almost complete halt in flight operations and disrupted the travel plans of about 140,000 passengers. The reference month ...

Frankfurt Airport reports first-half passenger growth of seven percent

About 5.6 million passengers travelled through Frankfurt Airport (FRA) in June 2024, an increase of 1.4 percent year-on-year. Last year’s June passenger numbers were additionally boosted by the different timing of the Whitsun holiday, falling in June last year but already occurring in May this ...

Fraport extends CEO contract for Dr. Stefan Schulte

Dr. Stefan Schulte will remain the CEO of Fraport AG for another three years. The decision was taken by Fraport’s supervisory board today (September 15). The move means Dr. Schulte’s contract will continue from September 1, 2024 until August 31, 2027. In taking the step, the supervisory...

Fraport’s First-Half Financial Performance Boosted by Passenger Growth Across the Group

The Fraport global airport company achieved growth in all major key financial indicators during the first half of 2023 (ending June 30). The increase was supported by higher passenger volumes across the Group’s airports. Group revenue rose by 33.8 percent year-on-year to €1,804.3 million in t...

Lima Airport Inaugurates Second Runway

Lima’s Jorge Chávez International Airport (LIM) in Peru yesterday (April 3) officially opened a new runway and air traffic control tower. The departure of the first commercial flight marked the event. Fraport’s Peruvian Group airport is the country’s first aviation gateway to have two run...

Hesse and Fraport Boost Electromobility

Fraport AG is gradually converting its ground services fleet at Frankfurt Airport (FRA) to alternative propulsion methods. To facilitate this process, the company is receiving financial support from the state of Hesse. Two new funding decisions by Hesse’s state government provide Fraport w...

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