Passengers walk through a terminal at Frankfurt Airport in Frankfurt, Germany, April 1, 2021. REUTERS/Ralph Orlowski/ File Photoon Tuesday updated its 2023 core profit and net income forecasts, after first-half earnings were boosted by higher passenger volumes and strong demand for holiday travel.
"We are seeing sustained recovery in passenger demand across our portfolio of global airports," CEO Stefan Schulte said in a statement, noting the group expects passenger traffic to further grow at Frankfurt Airport during the full year. Demand for leisure travel, which has driven up ticket prices and boosted profits for airlines and airport operators since pandemic restrictions ended last year, shows little sign of abating despite the squeeze on household incomes from high inflation and rising interest rates.
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Analysts are getting bullish on these companies reporting earnings this weekWall Street analysts forecast these companies seeing upsides following their quarterly earnings announcements.
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Breakingviews - Indian lenders’ earnings get credit reality checkA near three-fold jump in net profit did little to cheer State Bank of India investors. Shares in the country’s largest lender fell 3% on Friday after it reported new bad loans doubled to $926 million during the three months to June from the previous quarter.
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Aurubis upbeat for full year as quarterly earnings surge 20%Aurubis AG , Europe's largest copper producer, on Monday repeated its forecast of strong core profits in its current financial year after quarterly earnings jumped 20%.
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