Fraport's
message published today:
The coronavirus outbreak is taking a heavy toll on aviation worldwide. Passenger and cargo traffic with China, and Asia overall, has already slumped massively. This is also having a major impact on Frankfurt Airport’s hub operations – affecting all business areas from flight operations to ground handling, cargo and retail. To counteract this situation, Fraport is responding quickly with a range of measures to lower costs and to adjust staff deployment to this reduced demand.
Currently, all major costs are being reviewed closely. New staff hires at Fraport AG will only be possible in exceptional and justified cases. Employees in both administrative and operational jobs have been offered voluntary unpaid vacation or temporary reduced working hours – where this is compatible with operational requirements. Fraport is monitoring these measures continuously and will make modifications if required. /.../
It is too early to reliably forecast the duration and extent of flight cancellations, as well as the resulting decline in traffic volumes. Therefore, it is not yet possible to estimate the impact on our business.