Fraport expects 'pivotal' 2011; Indian airport operators shares slip
Germany’s Fraport reported revenue rose 9.2% in 2010, as passenger numbers at its airport rose 8.9% and cargo traffic rose 22.6%. Traffic at its key Frankfurt Airport rose 4.1% and cargo was up 20.2%. The airport company's EBTIDA was up a 25% to EUR711 million, and net profit up 78% to EUR271.5 million. The company forecast a mild decline in 2011 profits, with passenger traffic growth of 4-7%. Shares in Fraport were down 0.9% on Friday, as most airport companies traded lower.
