Frankfurt Airport To Miss Sales Goal On China Clampdown
Campaign, seeking to eliminate extravagance among both high and low-ranking officials, is denting demand for western-made status symbols
Source Bloomberg
Nov. 10, 2014
Fewer high-spending passengers from countries also including Brazil and Russia are weighing on profit in Frankfurt as intercontinental traffic declined.
The operator of Frankfurt airport said China’s anti-corruption crackdown and unfavorable currency shifts will prevent its retail business from reaching a goal for passenger spending.
