Airport CEO reveals why $98.6M profit drop actually signals buying opportunity
Key Points
- Fraport's $98.6 million profit drop is misleading due to las...
Fraport just pulled off the financial equivalent of a magic trick: making $98.6 million in profit look disappointing. The German airport operator's net earnings tumbled 38.7% from last year's $160.8 million, but before you start panic-selling, there's more to this story than meets the balance sheet.
When Accounting Gets Creative
Here's the twist that accountants love and investors hate: most of that profit drop comes from one-time windfalls that Fraport enjoyed in 2024. Last year, they pocketed $28 million in COVID compensation for their Greek operations and another $9.1 million for floo...
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