Fraport Frankfurt Airport Services Worldwide AG Stock

Description Fraport

Fraport, or Frankfurt Airport Services Worldwide, is a global airport operator based in Frankfurt, Germany. As of 2021, Fraport is listed on several stock exchanges, including the Frankfurt Stock Exchange, where its symbol is FRA.

Fraport manages and operates Frankfurt Airport, one of the busiest airports in Europe, and provides various airport-related services such as ground handling, retail and hospitality, and aviation security. The company also has stakes in other airports worldwide, such as Lima Airport Partners in Peru and Chongqing Airport Group in China.

In terms of financial performance, Fraport has been impacted by the Covid-19 pandemic and the resulting decline in air travel. In 2020, the company reported a net loss of €690 million ($824 million) compared to a net profit of €601 million ($717 million) in 2019. However, Fraport has taken measures to reduce costs and improve its liquidity position, and it expects a gradual recovery in air traffic in the coming years.

Competitors of Fraport

Fraport AG, also known as Frankfurt Airport Services Worldwide, is a German transport company that operates Frankfurt Airport in Frankfurt, Germany. As a result, Fraport's primary competitors are other airport operators, both in Germany and internationally. Some of the most significant competitors of Fraport include:

1. Heathrow Airport Holdings Limited: This company operates Heathrow Airport, one of the largest airports in Europe, located in the United Kingdom. It is one of Fraport's main competitors due to its size, passenger volume, and the importance of its international connections.

2. Flughafen Zürich AG: This Swiss-based company operates Zurich Airport, one of the biggest airports in Switzerland. Zurich Airport is an essential hub for Europe, and its location makes it a competitor of Frankfurt Airport.

3. Aéroports de Paris (ADP): ADP is responsible for operating the airports of Paris, including Charles de Gaulle Airport and Orly Airport. It is one of the largest airport operators in the world, and it competes with Fraport in terms of passenger traffic and international connections.

4. Amsterdam Airport Schiphol: This Dutch airport is another competitor of Fraport, with similar passenger traffic and international connections.

5. Dubai Airports: Dubai Airports operate Dubai International Airport, one of the busiest and most important airports in the world. Although it is located in the United Arab Emirates, it competes with Fraport for passenger traffic from Europe and Asia.

Overall, Fraport faces fierce competition from other airport operators globally, especially those located in Europe, as it seeks to maintain and grow its market share in the airport industry.

Suppliers of Fraport

Fraport is a German company that operates and manages airports in Frankfurt, Germany, and other locations worldwide. As a result, the most important suppliers for Fraport are related to the aviation industry. Here are some of the key suppliers for Fraport:

1. Airlines - Fraport is dependent on airlines to operate at its airports, which provides revenue through terminal fees, parking, and other services. The major airlines that operate at Fraport include Lufthansa, Condor, and Ryanair.

2. SITA - SITA is a global provider of IT services and infrastructure to the aviation industry. They provide critical technology and data services to Fraport, including baggage handling systems, flight information displays, and communications tools.

3. Siemens - Siemens is a multinational conglomerate that provides a range of technology and engineering services, including energy management and automation systems. Siemens provides automation and energy management services to Fraport's airports, helping to reduce energy usage and increase efficiency.

4. Retail and catering suppliers - Fraport operates retail and catering services at its airports, so suppliers of food and beverage products, as well as retail products, are also crucial to Fraport's operations.

5. Security services - Security services are essential to ensuring the safety of Fraport's airports and passengers. Suppliers of security equipment and personnel, such as X-ray machines, metal detectors, and security personnel, are important partners for Fraport.