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Strikes at Lufthansa and reduced travel to the Middle East region cut traffic at Frankfurt airport by at least 10 percent in April, operator Fraport said on Tuesday, illustrating how the Iran war is affecting European travel patterns.
Shares in Fraport, which apart from Frankfurt, Germany’s biggest airport, also has operations in Brazil and Slovenia, have lost around 17 percent in value since the start of the conflict as airlines limit capacity and raise their fares due to higher kerosene prices. The shares were down 1.15 percent at 1330 GMT.
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