Fraport to cut up to 4,000 jobs as it sees traffic staying down

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Fraport said it expects traffic volumes this year to be 30-40% of normal and be down by 50% next year. In 2022 and 2023, it expects traffic to be 15-20% below 2019’s peak.

Bloomberg earlier reported that up to 4,000 jobs could go at the company which runs Germany’s busiest airport in Frankfurt.