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Fraport's February passenger traffic down 12 pct

Fraport's February passenger traffic down 12 pct

German airport operator Fraport AG said Wednesday its group passenger traffic fell 12 percent in February as the economic crisis continued to affect the airline sector.
The Frankfurt-based operator of Frankfurt Airport _ continental Europe's second busiest after Paris' Charles de Gaulle _ said the group's airports saw 4.4 million passengers during the month, compared with 5 million passengers in February a year ago, when there was also an extra calendar day.
Frankfurt Airport's February passenger volume fell more than 15 percent to 3.3 million passengers from 3.9 million in February 2008.
However, the company noted that the drop in passenger numbers had not worsened in February compared with January, suggesting traffic levels may have hit a low.
Fraport said its group cargo volume declined about 30 percent in February to 142,000 metric tons, with Frankfurt recording the bulk of the decrease. Fraport recorded a cargo volume of more than 200,000 metric tons in February 2008.
Fraport holds majority stakes in other airports besides Frankfurt, including in Antalya, Turkey; Lima, Peru and Varna, Bulgaria. Fraport said those airports helped boost February's passenger traffic results in February. Antalya saw passenger levels rise 4.7 percent, while Lima saw an increase of 4.3 percent.
Shares of Fraport were 3 percent higher at