Casablanca- The Moroccan air company "Royal Air Maroc" (RAM) posted in 2013 a net profit of MAD 168 million, the company CEO, Driss Benhima, announced this Monday.
Casablanca- The Moroccan air company “Royal Air Maroc” (RAM) posted in 2013 a net profit of MAD 168 million, the company CEO, Driss Benhima, announced this Monday.
The company’s good performance, compared to 2012 when it suffered a deficit, is ascribed to deep restructuring of activities, and efforts to reduce costs, despite an adverse international context resulting from increased internal and international competition.
The company says the year 2013 knew the highest level of competition in the history of air transport, as competitors offered 11 million seats, which is an increase of 22% compared to 2012.
Meanwhile, the return of low cost companies, which progressed by 25pc while the other regular companies’ offer rose by 17 %, was another competition factor, he explained.
The company carried more than 6 million passengers in 2013, a 3% decrease compared to 2012. Traffic in the Casablanca airport, Morocco’s biggest airport, progressed by 1%.
RAM’s market share reached 53pc of the Europe-Casablanca markets, despite the increasing low cost offer during 2013.