Fraport Group Posts 10.4% EBITDA Growth in Q1 2026

Fraport Group has reported a solid start to 2026, recording passenger growth across all its international markets and a 10.4 percent rise in EBITDA in the first quarter, despite headwinds from the outbreak of the Iran war and weather-related disruptions at its Frankfurt hub.

Group revenue, adjusted for construction-related items under IFRIC 12, rose 5.2 percent to €853.4 million. EBITDA climbed €18.5 million to €196.0 million, driven by higher airport charges, ground services revenue, and strong contributions from Latin American group companies in Lima and Brazil. The Group net result, however, fell €6.7 million to -€33.1 million, reflecting higher interest expenses and increased depreciation following the completion of major expansion projects in Lima and Antalya — a development the company had anticipated.

At Frankfurt Airport, passenger numbers grew 2.3 percent to 12.7 million despite a challenging quarter marked by reduced Middle East traffic, weather cancellations, and strike days in February and March. The shortfall in Middle East demand was offset by growth to the Far East and other regions.

Across Fraport's international portfolio, several airports recorded double-digit passenger growth, partly aided by the earlier timing of Easter. Porto Alegre led the way with a 26 percent increase, followed by Ljubljana at 18.2 percent, the two Bulgarian coastal airports at 15.8 percent, and Fortaleza at 13.4 percent. Total group-wide passenger traffic for Q1 rose 5.2 percent to 28.6 million.

CEO Stefan Schulte acknowledged the geopolitical uncertainty but said the group remains on track, noting that recent assurances from the German government on jet fuel supply security support the company's full-year outlook. Fraport is maintaining its forecast for 188 to 195 million passengers across the group in 2026, with full-year EBITDA expected to reach up to approximately €1.5 billion.