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Fraport AG (FPRUY) Q1 2026 Earnings Call May 5, 2026 8:00 AM EDT
Company Participants
Florian Fuchs – Manager Investor Relations
Zieschang Matthias – CFO & Member of the Executive Board
Conference Call Participants
Elodie Rall – JPMorgan Chase & Co, Research Division
Carlos Caburrasi – Kepler Cheuvreux, Research Division
Graham Hunt – Jefferies LLC, Research Division
Tobias Fromme – Bernstein Institutional Services LLC, Research Division
Cristian Nedelcu – UBS Investment Bank, Research Division
Andrew Lobbenberg – Barclays Bank PLC, Research Division
Marcin Wojtal – BofA Securities, Research Division
Nicolas Mora – Morgan Stanley, Research Division
José Arroyas – Banco Santander, S.A., Research Division
Christian Cohrs – Warburg Research GmbH
Presentation
Florian Fuchs
Manager Investor Relations
Yes. Thank you, Heidi, and warm welcome also from my side to the Q1 question-and-answer session. With me at the table, we got Dr. Matthias Zieschang, our CFO. And as always, with our presentations, please keep our cautionary language in mind. Risks and opportunities may arise with forward-looking statements. [Operator Instructions] Having said this and without further ado, I’d like to hand over to Heidi to commence with the question-and-answer session. Thank you.
Question-and-Answer Session
Operator
[Operator Instructions] The first question comes from the line of Elodie Rall from JPMorgan.
Elodie Rall
JPMorgan Chase & Co, Research Division
Well, I’ll try to limit to two then. So okay. On the presentation, you discussed a lot the jet supply — jet fuel supply potential constraints, and that is clearly a downside risk to your guidance. So maybe could you elaborate the conversation that you have with the German government and on reports that we’ve seen on disruption to supply through the NATO pipeline and maybe comment on where the refinery is supplying, the pipeline source, where they source their crude from? That would be quite helpful to understand the risk around the jet fuel supply issue.
