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Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says
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Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says
Sep 6, 2024 1:24 PM

FRANKFURT, Sept 6 (Reuters) - Frankfurt Airport's

recovery in passenger numbers largely depends on Boeing ( BA )

deliveries to Lufthansa, the CEO of its operator

Fraport told Reuters in an interview published on

Friday.

Capacity growth at Lufthansa, which in 2022 accounted for

more than 60% of Frankfurt's passengers, has been held back by

bottlenecks in the production of Boeing ( BA ) aircraft as well as

engine problems with its Airbus fleet.

Frankfurt Airport would reach its pre-Covid 19 levels of

passenger traffic in 2025 or 2026, Fraport CEO Stefan Schulte

said, and the group, which also operates airports in countries

like Greece or Peru, would achieve the same in 2024 or 2025.

"For Frankfurt, this will now depend heavily on Boeing's ( BA )

aircraft deliveries to our main customer Lufthansa", Schulte

said.

"The delivery difficulties and maintenance problems with the

Airbus A320 will continue well into next year", he added.

Schulte also called for tougher penalties for activists who

disrupt airport traffic.

Activists halted flights for a few hours at Frankfurt

Airport in July.

(Reporting by Ilona Wissenbach, writing by Louis van

Boxel-Woolf, editing by Thomas Seythal)

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