Greece is enjoying the most successful tourism year of all times, according to official figures released by the Civil Aviation Authority, Fraport and the Athens International Airport for the January-July period, ANA reports.
Passenger arrivals in the 14 regional airports operated by Fraport showed a 13.7 pct increase in the seven-month period, compared with the same period in 2017, totaling 12.1 million, from 10.6 million last year.
In the Athens International Airport, passenger arrivals surpassed 9.0 million in the January-March 2018 period, an increase of 15 pct, while in the Heraklion airport in Crete, passenger arrivals exceeded 1.85 million.
At the same time, Fraport Greece’s parent company foresees passenger increases at the 14 regional airports in Greece that the former manages around the east Mediterranean country, with the increased numbers expected in the high single-digit territory.
Fraport AG’s published results this week for H1 2018 record higher turnover for the entire group by 13 percent, compared with the same period last year, reaching 1.532 billion euros.
The report included a special reference to its Greek subsidiary, citing its “substantive contribution” to the group’s higher turnover.
Fraport Greece’s turnover in the first half of 2018 rose to 141.7 million euros, up by 83.5 million euros compared to the same period of 2017. Nevertheless, the figure is incomplete, given that Fraport Greece assumed the management of the 14 airports in April 2017, with the facilities still managed by the Greek state in the first quarter of 2017.
Operational expenditures for Fraport Greece reached 101.1 million euros during H1 2018, while EBITDA stood at 41.3 million euros.
On the down side, Fraport Greece still recorded a loss of 20.7 million euros in end results, a development Fraport executives in Germany have predicted in the first years of their subsidiary’s operation in the Greek market, due to the concession payment and major overhauls at all 14 of the airports.
Read more at naftemporiki.gr
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