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Frankfurt airport faces disruptions due to air traffic system fault

UPDATE 2-Frankfurt airport faces disruptions due to air traffic system fault Updates paragraph 1 with issue resolved BERLIN, Oct 4 (Reuters) - Frankfurt Airport warned on Friday of flight delays and cancellations due to a technical problem with the German traffic control system but later said that the issue had been resolved . DFS, which operates German air traffic control, has detected a nationwide problem in data transmission but it appears to be improving, a spokesperson s aid , adding that o
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Frankfurt airport warns of disruptions due to air traffic system fault

Frankfurt airport warns of disruptions due to air traffic system fault BERLIN, Oct 4 (Reuters) - Flight delays and cancellations are expected at Frankfurt airport due to a technical problem with the German traffic control system, the airport said in a post on its social media platform X on Friday. Writing by Rachel More; editing by Matthias William
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European airlines, travel stocks fall after Iran missile attack

CORRECTED-European airlines, travel stocks fall after Iran missile attack Corrects index cited in 2nd paragraph Oct 2 (Reuters) - Shares in European airlines and travel companies fell on Wednesday as airlines scrambled to divert flights after Iran fired more than 180 ballistic missiles at Israel. Airline and travel stocks fell 0.6%-2.7% after Israel's neighbours had closed airspace and airline crews skirted an escalating conflict, with many seeking diversions.
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Burberry, Hermes, Spectris

EUROPE RESEARCH ROUNDUP-Burberry, Hermes, Spectris Sept 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Burberry, Hermes and Spectris on Friday. HIGHLIGHTS * ASML Holding NV ASML.AS : Morgan Stanley cuts to equal-weight from overweight * Burberry BRBY.L : Jefferies cuts to underperform from hold * Hermes HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470 * Intercontinental Hotels IHG.L : HSBC cuts target price to 7
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Fraport Says 6.1 Mln Passengers At Frankfurt Airport In August

BRIEF-Fraport Says 6.1 Mln Passengers At Frankfurt Airport In August Sept 12 (Reuters) - FRAPORT FRANKFURT AIRPORT SERVICES WORLDWIDE AG FRAG.DE : TRAFFIC FIGURES IN AUGUST 2024: PASSENGER AND CARGO VOLUMES CONTINUE TO GROW 6.1 MILLION PASSENGERS AT FRANKFURT AIRPORT LOAD FACTOR REMAINS VERY HIGH AT 86.1 PERCENT TOTAL GROUP TRAFFIC AT 22.2 MILLION
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India's GMR Airports up on buying stake in Delhi airport

BUZZ-India's GMR Airports up on buying stake in Delhi airport ** Shares of GMR Airports Infrastructure GMRI.NS rise as much as 2.6%, last up 1.7% to 92.43 rupees ** Co bought 10% stake in Delhi airport for $126 mln from Fraport FRAG.DE ; GMRI will have 74% stake after the deal completes ** Jefferies says deal is attractively priced; says it values
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India's GMR Airports raises stake in Delhi airport to 74% as Germany's Fraport exits

UPDATE 1-India's GMR Airports raises stake in Delhi airport to 74% as Germany's Fraport exits Adds Fraport selling stake, details on deal, background BENGALURU, Sept 9 (Reuters) - India's GMR Airports Infrastructure GMRI.NS said on Monday it increased its stake in the main airport in New Delhi to 74%, by buying out Frankfurt Airport operator Fraport's FRAG.DE 10% interest in a deal worth $126 million.
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Fraport - Divests Its Stake In Delhi Airport

BRIEF-Fraport - Divests Its Stake In Delhi Airport Sept 9 (Reuters) - Fraport Frankfurt Airport Services Worldwide AG FRAG.DE : DIVESTS ITS STAKE IN DELHI AIRPORT FRAPORT IS SELLING ITS ENTIRE 10.0 PERCENT STAKE IN DELHI INTERNATIONAL AIRPORT LIMITED (DIAL) - JOINT VENTURE THAT OPERATES AIRPORT - TO ITS MAJORITY OWNER GMR AIRPORTS INFRASTRUCTURE LI
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Barclays Bank, Ferrari, Volkswagen

EUROPE RESEARCH ROUNDUP-Barclays Bank, Ferrari, Volkswagen Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays Bank, Ferrari and Volkswagen on Monday. HIGHLIGHTS * Barclays Bank BARC.L : Morgan Stanley raises target price to 300p from 290p * Ferrari RACE.MI : Citigroup raises target price to EUR 360 from EUR 334 * Mercedes-Benz Group AG MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65 * Shell Plc SHEL.L : HSB
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.
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Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says

Airport operator Fraport's fortunes depend on Boeing deliveries, CEO says FRANKFURT, Sept 6 (Reuters) - Frankfurt Airport's recovery in passenger numbers largely depends on Boeing BA.N deliveries to Lufthansa LHAG.DE , the CEO of its operator Fraport FRAG.DE told Reuters in an interview published on Friday. Capacity growth at Lufthansa, which in 2022 accounted for more than 60% of Frankfurt's passengers, has been held back by bottlenecks in the production of Boeing aircraft as well as engine pro
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Barclays cuts Flughafen Zurich to 'equal-weight' on H1 results

BUZZ-Barclays cuts Flughafen Zurich to 'equal-weight' on H1 results ** Barclays downgrades airport operator Flughafen Zurich FHZN.S to "equal-weight" from "overweight" on "slightly disappointing" H1 results ** Brokerage attributes the EBITDA miss to high labour, police and security costs ** It sees slowed traffic growth in 2025 and retail revenues
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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Fraport Passenger Volume In July Slightly Lower, 6.0 Million Passenger At Frankfurt Airport

BRIEF-Fraport Passenger Volume In July Slightly Lower, 6.0 Million Passenger At Frankfurt Airport Aug 13 (Reuters) - Fraport Frankfurt Airport Services Worldwide AG FRAG.DE : JULY 2024 CARGO VOLUME 172.741 METRIC TONS PASSENGER VOLUME IN JULY SLIGHTLY LOWER 6.0 MILLION PASSENGERS AT FRANKFURT AIRPORT TOTAL GROUP VOLUME AT 21.8 MILLION PASSENGERS IN
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Brazil's Porto Alegre airport to resume operations after major floods

Brazil's Porto Alegre airport to resume operations after major floods SAO PAULO, Aug 9 (Reuters) - Operations at Salgado Filho International Airport in the Brazilian city of Porto Alegre, one of the country's busiest, will resume in October after unprecedented floods in the region disrupted flights in May. The airport, operated by Fraport FRAG.DE , had its runways and corridors submerged in water as heavy rains battered Rio Grande do Sul, Brazil's southernmost state of which Porto Alegre is the
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Fraport aims to raise airport fees between 5.0% and 9.5% next year, says CFO

Fraport aims to raise airport fees between 5.0% and 9.5% next year, says CFO BERLIN, Aug 6 (Reuters) - Frankfurt Airport operator Fraport FRAG.DE aims to increase airport fees next year by a rate below this year's 9.5% and above 5.0%, its chief financial officer, Matthias Zieschang, said after the group released its first-half results on Tuesday. R
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Frankfurt Airport operator Fraport narrows annual passenger growth forecast, shares tumble

UPDATE 2-Frankfurt Airport operator Fraport narrows annual passenger growth forecast, shares tumble Adds share move, outlook details in paragraph 1, analyst comment on traffic outlook in paragraphs 3-4, analyst comment on Q2 EBITDA beat in paragraphs 8-9 By Anastasiia Kozlova and Amir Orusov Aug 6 (Reuters) - Frankfurt Airport operator Fraport FRAG.DE narrowed its full-year passenger growth forecast, sending its shares 2.3% lower on Tuesday.
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Fraport H1 operating profit rises on strong air travel demand

Fraport H1 operating profit rises on strong air travel demand Aug 6 (Reuters) - Frankfurt Airport operator Fraport FRAG.DE reported a rise in first-half operating profit on Tuesday, supported by growing demand for air travel. The group said its earnings before interest, taxes, depreciation and amortization (EBITDA) rose 17.8% to 567.1 million euros ($621.09 million) in the first half of 2024, from 481.4 million a year earlier.
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Fraport H1 Net Profit at EUR 160.8 Million

BRIEF-Fraport H1 Net Profit at EUR 160.8 Million Aug 6 (Reuters) - FRAPORT FRANKFURT AIRPORT SERVICES WORLDWIDE AG FRAG.DE : MORE PRECISE PROJECTIONS PROVIDED FOR FULL-YEAR OUTLOOK H1 NET PROFIT SURGES BY 89.2 PERCENT TO EUR 160.8 MILLION H1 REVENUE BOOSTED TO EUR 2,039 MILLION BY PASSENGER GROWTH AND PRICE EFFECTS FRAPORT’S OPERATING RESULT OR E
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Frankfurt airport suffers partial power outage, flights not affected

UPDATE 1-Frankfurt airport suffers partial power outage, flights not affected Adds details on night flight ban, spokesperson quote from paragraph 3 By Ludwig Burger FRANKFURT, Aug 6 (Reuters) - Parts of Frankfurt airport suffered a power outage late on Monday but flights at Germany's busiest hub were not affected, an airport spokesperson told Reuters.
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