Frankfurt Hahn claws back passengers in first full year under Triwo’s control

Frankfurt’s Hahn airport has recorded a 12% increase in passenger numbers in its first full year under new management, following rescue of the facility from insolvency administration. The airport’s operator, investment firm Triwo, says 1.9m passengers used Hahn over the course of 2024. This follows a 21% rise in the previous year. Triwo set up the new Hahn operator in February 2023 and took over the airport’s operation at the beginning of May the same year. The airport’s previous operator, Flughagen Frankfurt Hahn, had filed for insolvency in 2021. Triwo has yet to release Hahn’s financial data for 2024. Under a European Commission ruling last year the German government was instructed to recover some E1.25m in state aid granted to Hahn. The airport operator’s previous financial statement, covering the shortened financial period from 8 February to 31 December 2023 showed a net loss of E3.1m on revenues of E11.6m. It attributed this partly to a “significantly reduced” freight volume, as a result of “more restrictive” regulatory approval practices. The company has been focusing on strengthening the freight business and working towards raising passenger numbers to around 2.7m by the end of this year.<br/>