May 14 (Reuters) - Germany's Fraport beat

first-quarter earnings forecasts on Tuesday, with its

international business offsetting the impact of strike

disruptions at its Frankfurt Airport hub.

Fraport, which manages or operates 29 airports, including

Delhi and New York, around the world said in a statement that

strikes and weather-related cancellations had affected around

600,000 passengers in Frankfurt during the first quarter.

"Positive standouts were Antalya Airport on the Turkish

Riviera, the 14 Greek airports, and Lima Airport in Peru," said

Fraport as it also confirmed its full-year outlook.

A one-off compensation payment of 28 million euros in Greece

for the negative effects of the coronavirus pandemic had

underpinned Fraport's quarterly earnings, Deutsche Bank said.

Barclays analysts, meanwhile, said that Fraport's traffic

data showed Greece and Lima were trading well, but Bulgaria and

Brazil were struggling.

Fraport runs Brazil's Porto Alegre airport, where operations

were suspended from May 3 due to flooding. The company said no

details about the financial impact were available yet.

At Frankfurt Airport, Fraport said footfall had risen

compared to the same period in 2023, with 12.5 million

passengers passing through the hub serving Germany's financial

capital, equivalent to around 85% of 2019 pre-pandemic levels.

Fraport said its earnings before interest, tax, depreciation

and amortisation (EBITDA) rose to 212.6 million euros ($229

million), from 158.3 million a year earlier, which was above an

average analyst estimate of 189 million euros, LSEG data shows.

The group's gearing, a leverage ratio of debt to equity,

rose by around 5% in the quarter. Fraport says its debt is not

rated by any credit rating agency.

($1 = 0.9274 euros)