Fraport Reports Stronger 2015 Profit

German airport operator Fraport reported 2015 operating profit up 7.4 percent to EUR€848.8 million (USD$941.9 million).

It expects profit to rise to between EUR€850 million and EUR€880 million in 2016.

Fraport said it is cautious on passenger growth at its Frankfurt and Antalya airports in 2016 after attacks on tourist destinations dampened demand for travel to places such as Turkey this year.

Fraport expects passenger numbers at Frankfurt to rise by between 1 and 3 percent this year, compared with growth of 2.5 percent in 2015, and a decline at Antalya.

"The outlook… is currently characterised by restrained holiday bookings in Germany and significantly declining passenger figures in Turkey as a result of the recent terrorist attacks," chief executive Stefan Schulte said in a statement.

Airlines, tour operators, hoteliers and travel search companies at a major travel fair last week said they had seen more caution than usual in bookings at the start of the year, usually a popular time for people to book trips.