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Fraport Interim Report Q2 / 6M 2021 August 3 , 2021 Group Interim Management Report Impact of the Coronavirus Pandemic on the Fraport Group The Fraport Group's operating performance continued to be noticeably affected by the impact of the Coronavirus Pandemic in the first half of 2021. Consequently , passenger and movement figures in Frankfurt remained clearly below the level of 2020 ( -46.6 % and -23.8 % , respectively ) . Compared with the traffic development in the first six months of 2019 , this was a significant decline of -80.7 % and -64.1 % , respectively . In contrast , cargo traffic in Frankfurt continued its growth trend despite the lack of additional loading capacity in passenger aircraft and not only increased clearly compared to the same period of the previous year ( + 27.6 % ) , but even exceeded the volume from the first half of 2019 by 9.0 % . With easing travel and contact restrictions beginning in the second quarter of 2021 , all Group airports benefited from a positive traffic development compared to the same period of the previous year . Fraport AG was granted compensation totaling € 159.8 million by the Federal Republic of Germany and the State of Hesse for the uncovered holding costs incurred for keeping Frankfurt Airport open during the first lockdown in the period from March 4 to June 30 , 2020. The amount of the compensation had a positive impact on Group EBITDA in full in the second quarter of 2021. The cash inflow planned for the second half of 2021 will have a positive impact on the liquidity situation and net financial debt . The Greek parliament has also ratified compensation for Fraport Greece for the operating losses incurred last year in connection with the Coronavirus Pandemic . Depending on passenger development , the compensation is made through the waiver of fixed concession payments and a deferment of the variable concession fee , which is also to be paid . Due to the waiver of the fixed concession payments for the years 2019 , 2020 , and 2021 , there was a positive effect on other operating income totaling € 69.7 mil lion in the first half of 2021 . As a result of the ongoing Coronavirus Pandemic , further discussions are being held at individual Group companies on additional compensation for 2021 . Even with the increasing traffic volumes at the Frankfurt site and the return of service in both landside and airside operating areas , operating expenses were reduced by around 18 % in the first half of 2021 compared to the previous year based on the continuation of short - time work , headcount reduction , the initial measures from the collective restructuring agreement , and strict cost manage ment . Compared to the corresponding period in 2019 , this represents a reduction of around 34 % . At the fully consolidated inter national Group companies , savings in operating expenses in the amount of approximately 17 % were achieved in the reporting period . Compared to the first half of 2019 , this corresponds to a decrease of 47 % . In order to reduce costs at the Frankfurt site in the long term and continue to align Fraport with the changing market environment , the strategic program " Zukunft FRA – Relaunch 50 " initiated in 2020 was continued in the first half of 2021. In the first quarter , significant progress was made in implementing the planned headcount reduction in Frankfurt . This continued in the second quar ter , and as at June 30 , 2021 , the Fraport Group at the Frankfurt site had in total 4,276 fewer employees compared to December 31 , 2019 . In an effort to further expand the Group's liquidity and create additional financial flexibility , further financing measures were com pleted in the first half of 2021. In addition to a corporate bond issued in the first quarter with two tranches and a total volume of € 1.15 billion , financing was secured in particular by taking on further long - term financial liabilities in the form of promissory note loans and bilateral credit agreements . In the second quarter , additional financing of around € 500 million was secured in this manner . In total , the Fraport Group raised around € 2.4 billion in debt financing measures in the first six months , taking into account both long - term and short - term financing instruments and secured credit lines .