Business

Frankfurt airport traffic nosedives to lowest since 1984

Airport operator believes passenger traffic will rebound noticeably in second half of 2021

Updated 5 years ago · Published on 18 Jan 2021 9:10PM

Frankfurt airport traffic nosedives to lowest since 1984
Fraport says air traffic came to a complete standstill between April and June during the first coronavirus lockdown, ‘with weekly passenger figures plummeting by up to 98% year-on-year’ – Pixabay pic, January 18, 2021

FRANKFURT –  The operator of Frankfurt airport said today that passenger numbers in 2020 plunged to their lowest since the 1980s as the coronavirus pandemic devastated the travel sector.

Germany’s largest airport recorded 18.8 million passengers in 2020, a decline of 73% compared with the year before, Fraport said, hitting lows not seen since 1984.

Air traffic came to a complete standstill between April and June during the first coronavirus lockdown, “with weekly passenger figures plummeting by up to 98% year-on-year”, Fraport said. 

Traffic at the hub recovered in the third quarter of 2020, but then fell again as  restrictions intensified on a resurgence of the virus late in the year, the company said.

In December alone, passenger traffic was down 82 percent year-on-year to just over 890,000 people.

“The year 2020 brought extreme challenges to the entire aviation industry,” Fraport chief executive Stefan Schulte said.

In the summer, the company said it would cut 3,000 to 4,000 jobs, or around 15 percent of its workforce.

The Fraport boss stressed that recent vaccination rollouts will lift the company’s fortunes, and he believes “Frankfurt’s passenger traffic will rebound noticeably in the second half of 2021”.

At the same time, he said he expects 2021 traffic to reach between 35% to 45% of 2019’s passenger numbers, in a “difficult year”.

Cargo traffic was a rare bright spot in 2020, Schulte said.

Freight dropped by just 8.3%.

Germany's largest travel companies have been hardest hit by the health crisis. 

Flag carrier Lufthansa and Europe's largest tour operator TUI have been forced to tap multi-billion euro aid programmes from the German government to sustain them through the collapse in demand. 

Shares in Lufthansa and TUI fell in morning trade Monday on the back of tightening restrictions introduced on travel to Britain.

All arrivals to the UK will have to quarantine and show negative tests for Covid-19 from today at 0400 GMT, after the government scrapped “travel corridors” from countries with lower caseloads following the emergence of new virus strains. – AFP, January 18, 2021

Related News

Culture & Lifestyle / 1y

Malaysian quartet drive VWs in road trip to Germany

Business / 2y

Malaysia secures RM46 billion potential investments from trade and investment mission to Germany, France

Malaysia / 2y

PM Anwar credits public services teamwork for Germany visit's remarkable success

Malaysia / 2y

Anwar touts RM45.4 bil in potential investment during Germany trip

Malaysia / 2y

Malaysia and Germany call for lasting ceasefire in Gaza

Malaysia / 2y

Israel-Palestine: PM Anwar urges Germany to use influence to press for ceasefire

Spotlight

Malaysia

Desa ParkCity deaths: Netizens voice concern, call for increased enforcement, crackdowns on scammers

Malaysia

Seven Yemenis arrested over dangerous stunt on KL road

Malaysia

UMNO gives state leaders mandate to negotiate electoral pacts

Malaysia

Sultan Selangor warns against greed, abuse of trust

By Alfian Z.M. Tahir

Malaysia

Form Six students to get allowance from 2027

Malaysia

Desa ParkCity deaths: Wife believed to be victim of love scam, say cops

Malaysia

Saravanan's letter will be referred to MACC, relevant authorities - PM Anwar

Malaysia

Thirteen arrested after teen girl dies in suspected gang-related road attack in Kulai

You may be interested

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

Property developer, Matrix Concepts sets RM1.8b FY2027 sales target

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Oil prices fall as Hormuz reopening hopes offset Iran tensions