Lilshira
Fraport maintains 2026 outlook after strong nine‑month results
Fraport has confirmed that its full‑year 2026 financial outlook remains unchanged following stronger‑than‑expected nine‑month results. The announcement was made on 5 November 2026 and affects investors, airline partners and passengers using Fraport‑operated airports.
In this story
At a glance
- What changes
- Full‑year 2026 financial outlook stays unchanged
- Timing
- Announced on 5 November 2026
- Who is affected
- Investors, airlines and passengers using Fraport airports
The details
- Announced by
- Fraport Executive Board
- Takes effect
- 5 November 2026
- Previous rule
- The 2026 outlook had been set earlier in the year by the Board
- New rule
- The Board confirmed the outlook remains unchanged for the full year 2026
Financial performance overview
For the first nine months of 2026 Fraport reported a 3.8% rise in group revenue to €3,466.0 million and a 2.0% increase in EBITDA to €1,178 million, setting a new record. Free cash flow nearly doubled year‑on‑year to approximately €93 million. Despite higher interest expenses and depreciation from completed expansion projects, the Group result fell 28.8% to €314.5 million.
- Revenue up 3.8% to €3,466.0 million
- EBITDA up 2.0% to €1,178 million
- Free cash flow about €93 million, up 93.4%
International airports drive growth
Growth was led by Fraport’s international portfolio. Greek airports recorded a 5.1% passenger increase and set new records. Lima Airport in Peru rose 2.8%, Ljubljana Airport in Slovenia grew 15.7%, Brazil saw a 9.1% rise and Bulgaria 6.1%. These contributions lifted the share of Group EBITDA from international operations to 48% for the period.
- Greek airports +5.1% passengers
- Ljubljana +15.7% passengers
- Lima +2.8% passengers
- Brazil +9.1% passengers
Outlook and expectations
The Executive Board kept the full‑year 2026 forecast unchanged, citing the strong international performance. Passenger numbers across the Group are expected to keep growing, while Frankfurt Airport is projected to perform broadly in line with 2025. The Board targets Group EBITDA up to €1.5 billion and net profit between €300 million and €400 million for the year.
- Frankfurt expected to stay flat with 2025
- EBITDA target up to €1.5 billion
- Net profit forecast €300‑€400 million
What this means for travellers
Trip planning
- Passengers at Frankfurt can expect similar flight availability as in 2025
- Travelers using international Fraport airports may see continued service expansions
- No schedule changes have been announced following the results
Cost and documents
- No changes to ticket prices are indicated in the report
- Travel documentation requirements remain unchanged
- Travel insurance costs are not affected by the financial outlook
What you need to do
- Monitor airline announcements for any capacity adjustments
- No specific action is required from travelers at this time
- Investors should review the updated financial statements
Who this affects
-
Passengers at Fraport’s Greek airports
Greek airports recorded a 5.1% passenger increase and set new records
-
Passengers at Ljubljana Airport, Slovenia
Ljubljana saw a 15.7% growth, approaching pre‑pandemic levels
-
Passengers at Frankfurt Airport
Frankfurt passenger numbers declined slightly and are expected to stay flat
-
Airlines operating at Fraport airports
Higher EBITDA and free cash flow indicate a stronger financial position for the airport operator
-
Investors in Fraport
The unchanged outlook provides certainty on earnings and profit forecasts for 2026
Frequently asked questions
What were Fraport’s nine‑month financial results for 2026?
Fraport reported a 3.8% rise in group revenue to €3.466 billion, a 2.0% increase in EBITDA to €1.178 billion, and free cash flow nearly doubled to about €93 million for the first nine months of 2026.
Did Fraport change its 2026 financial outlook?
No, the Executive Board confirmed on 5 November 2026 that the full‑year 2026 outlook remains unchanged, keeping the same targets for EBITDA, net profit and passenger growth.
Which airports contributed most to Fraport’s growth in 2026?
International airports drove the bulk of growth, with Greek airports up 5.1%, Lima Airport in Peru rising 2.8%, Ljubljana Airport in Slovenia up 15.7%, Brazil 9.1% and Bulgaria 6.1%.
How did passenger numbers at Frankfurt Airport perform in 2026?
Frankfurt handled 47.5 million passengers in the first nine months, a 0.2% decline year‑on‑year, and the airport is expected to perform broadly in line with 2025 levels.
What are Fraport’s EBITDA and profit targets for 2026?
The Board expects Group EBITDA to rise to as much as €1.5 billion and net profit to fall within a €300‑€400 million range for the full year 2026.
What impact does the unchanged outlook have on travelers?
The unchanged outlook signals no immediate changes to flight schedules or fees, so travelers can continue planning trips without expecting new restrictions or price adjustments.
