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MarketScreener Homepage  >  Equities  >  Xetra  >  Fraport    FRA   DE0005773303

FRAPORT

(FRA)
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Fraport : Verdi union calls for strike at Frankfurt airport on Jan. 15

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01/11/2019 | 08:35am EDT
FILE PHOTO: Security personal of the Cologne-Bonn Airport wave flags of German union Verdi during a strike in Cologne

FRANKFURT (Reuters) - German union Verdi has called on security staff at Frankfurt airport to go on strike on Tuesday to put pressure on firms in charge of screening passengers and luggage in wage talks.

Verdi said on Friday that it was negotiating on behalf of 23,000 security workers in Germany.

Wage talks are to resume on Jan. 23, it said.

Fraport, the operator of Germany's busiest hub, said it expected severe disruption and asked passengers who were planning to start their journey in Frankfurt not to come to the airport during the strike, which is scheduled to last from 0100 to 1900 GMT.

It added that transfers between flights would most likely be possible but cautioned that it expected those passengers to experience delays and disruption.

On Thursday, more than 640 flights in Germany were cancelled due to security staff striking at Duesseldorf, Cologne and Stuttgart airports.

(Reporting by Arno Schuetze in Frankfurt, additional reporting by Thomas Seythal in Berlin; editing by Tassilo Hummel and Kirsten Donovan)

Stocks mentioned in the article
ChangeLast1st jan.
FRAPORT 1.13% 77 Delayed Quote.23.28%
LUFTHANSA GROUP -1.44% 15.06 Delayed Quote.-23.55%
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Financials (€)
Sales 2019 3 601 M
EBIT 2019 728 M
Net income 2019 422 M
Debt 2019 4 130 M
Yield 2019 2,68%
P/E ratio 2019 16,32
P/E ratio 2020 15,09
EV / Sales 2019 3,06x
EV / Sales 2020 3,08x
Capitalization 6 889 M
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Number of Analysts 23
Average target price 79,3 €
Spread / Average Target 6,4%
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Stefan Schulte Chairman-Management Board
Karlheinz Weimar Chairman-Supervisory Board
Anke Giesen Executive Director-Operations
Matthias Zieschang Executive Director-Finance & Controlling
Lothar Klemm Member-Supervisory Board
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