UK Markets open in 56 mins
  • NIKKEI 225

    26,739.03
    +336.19 (+1.27%)
     
  • HANG SENG

    20,717.24
    +596.56 (+2.96%)
     
  • CRUDE OIL

    110.35
    +0.46 (+0.42%)
     
  • GOLD FUTURES

    1,845.10
    +3.90 (+0.21%)
     
  • DOW

    31,261.90
    +8.77 (+0.03%)
     
  • BTC-GBP

    23,634.71
    -260.79 (-1.09%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • ^FTAS

    4,083.84
    +44.90 (+1.11%)
     

Fraport to compensate rising inflation with price hikes

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Frankfurt
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

FRANKFURT (Reuters) - Germany's largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing costs to customers even as it sees higher consumer prices over the next couple of years.

"We have this, so to say, perfect inflation protection as we collect share of the revenue realized in a shop. So whenever inflation drives revenues up, we also have higher proceeds," finance chief Matthias Zieschang said in a conference call.

"We have a strong focus on luxury goods where you currently can see even higher inflation rates. So it could be that on the retail side, we also can be an inflation winner," Zieschang added.

On the real estate rental side, Fraport's newer contracts already include inflation indexation and it just needs to look to adjust the older ones as they need to be renewed, the CFO said.

(Reporting by Zuzanna Szymanska; Editing by Paul Carrel)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting