Hibapress
The national airline Royal Air Maroc (RAM) plans to close 2024 with traffic of 7.5 million passengers, according to the report on public establishments and enterprises (EEP) accompanying the finance bill (PLF) of the next year.
“In terms of closing forecasts for 2024, the turnover is estimated at 19,864 MDH (million dirhams) correlated with an increase of 4.5% in air traffic compared to 2023 and expected to reach 7.5 million passengers », Indicates this report published on the website of the Ministry of Economy and Finance. And to specify that during the first four months of this year, the company transported nearly 3.3 million passengers, an increase of 2.7% compared to the same period of 2023, with a load factor of 76%.
Turnover, for its part, increased by 5% to 8,807 MDH at the end of last April and the net result stood at -541 MDH.
The report also recalls that RAM achieved remarkable financial results in 2023, recording the highest net profit of the last decade, with a net margin of 2.2%.
This performance was supported by a significant increase in turnover of 57% to 19,707 MDH (+52% to nearly 19,567 MDH on a consolidated basis), largely stimulated by strong demand for travel and favored by the lifting of travel restrictions. imposed until 2021 due to the pandemic.
Thus, the company transported nearly 7.2 million passengers and returned to 96% of the pre-pandemic traffic level, despite a fleet size reduced by 10% compared to 2019, emphasizing that the performances achieved in 2023 are up compared to the 2022 level in traffic and offer of 42% and 32% respectively. The load factor reached a record level of 77%, an increase of 5 points compared to 2022, which made flights more profitable.
Furthermore, the report reveals that RAM’s prospects are promising, reinforced by the signing in 2023 of a program contract establishing a roadmap for the development of the national company’s activity.
This plan envisages the expansion of RAM’s fleet from 50 to 200 aircraft by 2037, the opening of more than 100 new international destinations and 46 domestic routes, as well as the diversification of sources of growth and revenue. The objective is to achieve a turnover of 94 billion dirhams (billion dirhams) and to transport 31.6 million passengers, with a occupancy rate of 82%.
This new development plan will reposition RAM as a key player, leader in African air transport, with international ambitions, to support the Kingdom in its tourism development strategy, as well as to host the 2030 World Cup.
