The report on public institutions and enterprises, published alongside the 2025 draft finance law, reveals that Royal Air Maroc is expected to close 2024 with 7.5 million passengers. According to the report, available on the Ministry of Economy and Finance's website, the airline anticipates a turnover of 19.86 billion dirhams for 2024, reflecting a 4.5% increase in air traffic compared to 2023, with passenger numbers projected to reach 7.5 million. The report also noted that in the first four months of 2024, the airline transported around 3.3 million passengers, marking a 2.7% increase over the same period in 2023, with a load factor of 76%. As of April, Royal Air Maroc posted revenues of 8.8 billion dirhams, up 5%, but registered a net loss of 541 million dirhams. The report highlighted the airline's remarkable performance in 2023, when it recorded its highest net profit in a decade, with a net margin of 2.2%. This success was driven by a 57% rise in turnover, which reached 19.7 billion dirhams (19.6 billion in consolidated revenue), thanks to a strong recovery in air travel following the lifting of COVID-19 travel restrictions. In 2023, Royal Air Maroc transported over 7.2 million passengers, recovering 96% of its pre-pandemic activity despite a 10% reduction in capacity compared to 2019. The airline also saw a 42% increase in air traffic and a 32% boost in capacity compared to 2022. Its load factor reached an impressive 77%, up 5 points from 2022, contributing to higher profitability. Looking ahead, Royal Air Maroc has ambitious plans under its 2023 contract-program, aiming to expand its fleet from 50 to 200 aircraft by 2037, add over 100 new international routes and 46 domestic ones, and diversify revenue streams. By 2037, the airline aims to achieve a turnover of 94 billion dirhams, transport 31.6 million passengers, and maintain a load factor of 82%. This development strategy positions Royal Air Maroc as a key player in African aviation with global aspirations, supporting Morocco's tourism goals and the country's preparations for hosting the 2030 World Cup.
