"Fraport," the operator of Frankfurt Airport in Germany, expects a decline in passenger numbers at the airport this year due to the repercussions of the issues faced by Boeing, the aircraft manufacturer.

The company announced today in Frankfurt that due to delivery bottlenecks for Boeing's main customer, Germany's Lufthansa airline, the number of passengers at Frankfurt Airport is expected to decrease this year compared to previous forecasts.

The Fraport board now expects to register the lower half of the previously targeted range, which is between 61 to 65 million passengers at Germany's largest airport.

The company attributed the expected decline also to additional maintenance periods for Airbus 320 aircraft.

In the second quarter of this year, Fraport's operations performed better than analysts expected, with sales rising by 11% to about 1.15 billion euros. The company achieved earnings of approximately 355 million euros from this amount before interest, taxes, depreciation, and amortization.

In total, the company's net profits in the second quarter reached 134 million euros, up from 102 million euros a year earlier. The management under Stefan Schulte confirmed the operational profit forecasts for this year.

It is worth noting that the American aircraft manufacturer Boeing is no longer allowed to increase production of its medium-range aircraft due to quality defects. Hundreds of Airbus aircraft had to be kept on the ground longer than usual because the engine manufacturer Pratt & Whitney ordered their turbines back to maintenance workshops ahead of schedule.