Business
Fraport Traffic Figures - July 2008: Strike Aff...
Fraport Traffic Figures - July 2008: Strike Aff....
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n \n\n\n\nFRANKFURT, August 13 /PRNewswire/ -- Frankfurt Airport (FRA) served \n5,067,108 passengers in July\n2008, down 2.4 percent compared to the strong July in 2007. Airfreight\nthroughput also slipped by one percent last month to 172,529 metric tons.\nHowever, since the beginning of the year both passenger traffic and\nairfreight tonnage have continued to grow noticeably by strong rates of 1.4\npercent and 3.1 percent, respectively, compared to the previous year.\n\n\n\n The drop in passenger figures can be attributed to the\nweakening business environment as well as the strike within the Lufthansa\nGroup, without which the decline would have been about 0.4 percentage points\nsmaller. Flight cancellations by Lufthansa, CityLine and Eurowings primarily\naffected domestic traffic - leading to an unexpectedly strong slide of well\nover 10 percent. Intercontinental traffic continued to be the only growth\nmarket (up 0.9 percent). Increasing 29.5 percent, South America remained at\nthe crest of the growth wave.\n\n\n\n Airfreight also declined for the first time this year. The\nmain reason for this was the general economic conditions. Furthermore, the\nstrong euro exchange rate curbed demand for goods from Europe.\n\n\n\n Airmail tonnage slipped by 3.6 percent to 7,159 metric tons in\nJuly 2008, and aircraft movements dropped by 2.2 percent to 42,728 takeoffs\nand landings. In addition to approximately 500 strike-related flight\ncancellations, this was primarily due to regular cancellations and reductions\nin domestic services planned during the summer holiday period.\n\n\n\n In contrast, accumulated maximum takeoff weights (MTOWs)\nachieved a new July record at FRA. With 2,502,691 metric tons, MTOWs rose by\n0.1 percent year-on-year and exceeded the previous July record in 2006 by\nwell over 3,500 metric tons. Without the strike, the increase in MTOWs would\nhave been about one percent higher.\n\n\n\n The Fraport Group's six majority-owned airports (Frankfurt,\nFrankfurt-Hahn, Burgas and Varna, Antalya, and Lima) together welcomed a\ntotal of 8,481,597 passengers in July 2008 (up 0.5 percent). Fraport's\nFrankfurt-Hahn Airport (HHN) low-cost airport in the Hunsruck region of\nGermany recorded 425,761 passengers - a gain of 3.5 percent in the vacation\nmonth of July 2008. The Fraport managed terminals at Antalya Airport (AYT)\n...