Greece’s Regional Airports Generate Strong 2017 Revenues for Fraport

Fraport Greece recently said that the 14 regional airports it runs across Greece have generated 233.3 million euros in revenue and 14.4 million euros in earnings in 2017.

More specifically, of Fraport’s two airport groups, company A – operating the airports of Aktion, Zakynthos, Kavala, Thessaloniki, Corfu, Kefalonia and Chania – performed better, generating 128.9 million euros in total revenue and 13.3 million euros in earnings after taxes.

Company B operates the airports of Kos, Mykonos, Lesvos, Rhodes, Skiathos, Samos and Santorini.

In total, Fraport Greece operations achieved 187.8 million euros from airport services and 45.5 million euros from commercial activities (duty-free stores etc) in its first year of operation. It should be noted that Fraport Greece – consisting of German airport operator Fraport and Greece’s Copelouzos Group – took over the 40-year management of the 14 airports on April 11, 2017.

Fraport announced last week that passenger traffic increased by 10.9 percent in June at all its airports in Greece, reaching a total of 4,361 million passengers, driven by a 13.4 percent rise in the number of foreign arrivals, up by 3,773 million.Based on 2017 figures, Fraport is expecting revenue for 2018 to exceed 300 million euros, driven in part by the increase in tourist traffic.

In the first six months of the year, Fraport Greece airports posted an 11 percent increase in the number of arrivals to 10,617 million passengers up by 1.1 million passengers compared to the the first half of 2017. The three busiest Greek airports in the first half included Thessaloniki with about 2.8 million passengers (up 3.3 percent), Rhodes with 1.9 million passengers (up 10.3 percent), as well as Chania on the island of Crete with about 1.2 million travelers (down 0.3 percent).

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