Fraport Group Results for Q1 2020 - Revenue and Net Profit Heavily Impacted by COVID-19 Pandemic

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Posted by Vincent Lambercy
For the first time since 2001, the new group result is in in negative territory. Steps to reduce costs were only partly able to offset the decline in revenue. In March the total passenger count was down 62%, with the discrepancy increasing to 90% in the final week of the quarter. This trend continued in April, when the shortfall widened to as much as 97 per cent on a week-to-week basis
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