- CEO
- Stefan Schulte
- Full Time Employees
- 20,018
- Sector
- Industrials
- Industry
- General Transportation
- Address
- Frankfurt Airport Services Worldwide Frankfurt HE Germany 60547
- IPO Date
- Sep 30, 2013
- Business
- Fraport AG operates as a global airport services company primarily focused on managing and operating Frankfurt Airport, its home base in Frankfurt am Main, Germany, while also handling operations at 28 other airports worldwide across Europe, Asia, South America, and the United States. It offers a comprehensive range of aviation-related services organized into four main segments: Aviation, Retail & Real Estate, Ground Handling, and International Activities & Services. The Aviation segment oversees terminal management, airport infrastructure, corporate safety, and security management. The Retail & Real Estate segment operates commercial retail outlets, parking facilities, and leases real estate within the airport properties. The Ground Handling segment provides passenger services, baggage handling, aircraft ramp services including towing, loading/unloading, and cargo and mail handling. The International Activities & Services segment focuses on airport acquisitions, operations, development, facility management, IT, and consulting services globally.
Founded in 1924 and headquartered in Frankfurt am Main, Fraport leverages over 95 years of aviation expertise and extensive geographic diversification with operating presence on four continents, including major investment and operational stakes in airports in Lima (Peru), Antalya (Turkey), Ljubljana (Slovenia), and locations in Brazil, Bulgaria, and the U.S. The company employs approximately 20,000 people and generated €4.4 billion in sales and €502 million profit in the 2024 fiscal year.
Recent major developments include advancing significant expansion projects such as the opening of a new terminal at Lima Airport and preparations to inaugurate a new terminal at Antalya Airport, alongside the near-completion of the Terminal 3 construction at Frankfurt Airport set for late 2025 or early 2026. Fraport is actively implementing artificial intelligence initiatives aimed at optimizing airport operations and customer service efficiency at Frankfurt. However, operational challenges persist due to high German aviation taxes, elevated security costs, and shortages in aircraft availability, which impact traffic growth. The company plans to reduce capital expenditures significantly after completing its major investment programs and aims to return to positive free cash flow by 2026. Additionally, it is adjusting retail operations with contract transitions related to airline relocations from Terminal 2 to Terminal 3 at Frankfurt Airport.
Fraport AG’s strategic emphasis remains on expanding its international airport portfolio, optimizing retail and real estate revenues, and enhancing ground handling services while navigating regulatory and economic challenges in the aviation industry globally.