Frankfurt Airport (FRA)—Europe's busiest cargo hub—continued to report recovery in its air freight business, posting a double-digit increase in June volumes. 

Fraport, which operates Frankfurt Airport, said Frankfurt's cargo volumes — comprising airfreight and airmail recorded growth of 11.4% year-on-year to  178,324 metric tons.

This is also higher month-on-month when the airport handled 171,353 metric tons in May, which was also 9.9% up compared to year-ago levels.

June's performance is also higher than the 171,501 metric tons in April 2024 and almost at par with the 178,898 metric tons in March.

 [Source: Fraport]

"Cargo traffic in Frankfurt (comprising airfreight and airmail) continued to grow noticeably by 11.4% year-on-year to 178,324 metric tons in June," Fraport said.

For the period, aircraft movements were up 1.5% year-on-year to 39,475 takeoffs and landings.

Likewise, accumulated maximum takeoff weights (or MTOWs) rose by 2.3% year-on-year to about 2.5 million metric tons in the reporting month. 

Earlier, the airport said for the current fiscal year 2024, Fraport expects group EBITDA to be between roughly €1,260 million and €1,360 million. For the Group result, the figure is expected to be between approximately €435 million and €530 million.