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Rabat — Royal Air Maroc (RAM) aims to finish this year on a positive note, with passenger traffic estimated at 7.5 million.
A report on public establishments and enterprises by the Ministry of Economy forecasts a 4.5% increase in air traffic compared to 2023 — with an expected 7.5 million RAM passengers.
During the first four months in 2024, Royal Air Maroc transported nearly 3.3 million passengers, representing a 2.7% increase compared to the same period last year, with a load factor of 76%.
The ministry’s report also noted a revenue increase of 5% by the end of April, highlighting the company’s “remarkable” financial results last year.
This is evidenced by the company’s ability to reach the highest net result of the last decade, with a net margin of 2.2%, the report said.
The performance is highly attributed to a significant revenue increase of 57%, largely driven by strong travel demand.
Data shows that the airline transported nearly 7.2 million passengers recovering 96% of pre-pandemic traffic levels, despite a 10% reduction in fleet size compared to 2019.
The performances achieved last year resulted in a 42% traffic increase and 32% capacity boost, compared to 2022.
The report further noted the airline’s prospects are promising, particularly following the signing of a program contract in 2023 establishing its roadmap for the development of its initiatives.
Under the program, Royal Air Maroc aims to expand its fleet from 50 to 200 aircraft by 2037. It also seeks to open over 100 international destinations and 46 domestic routes.
Aiming high towards the future, Moroccan company’s ultimate goal is to achieve a revenue of MAD 94 billion ($9.5 billion) and transport 31.6 million passengers by the same period.
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