Fraport rises despite slight passenger dip at Frankfurt airport in June
BUZZ-Fraport rises despite slight passenger dip at Frankfurt airport in June ** Shares of German airport operator Fraport
> up 2.9%, despite the company reporting a slight decline in June passenger traffic at Frankfurt airport ** A local trader points to a BNP Paribas upgrade as possible support for the rise in Fraport's shares
** Fraport says passenger numbers at Frankfurt airport fell slightly to 5.7 million in June, down 1.7% year-on-year
** Group passenger numbers rose to 77.7 million in the first half of the year, while cargo volumes at Frankfurt airport increased 2.0% year-on-year in June
** CEO Stefan Schulte says strikes at Lufthansa, the Iran war, concerns over jet fuel shortages and higher oil prices impacted passenger traffic in the first half of the year
** Company says it continues to expect largely positive growth at its international airports and maintains its financial outlook for 2026
(Reporting by Basile Day)