oyal Air Maroc expects to pass the 25 billion dirham mark in revenue in 2026, with 9.3 million passengers carried, according to the report on public establishments and enterprises attached to the 2027 finance bill. At the end of April, revenue stood at 11.01 billion dirhams, up 17 percent on the year, but the airline showed a net loss of 71 million, against 58 million a year earlier, which the report attributes in part to geopolitical crises.
These forecasts follow a clearly improved 2025: 21.53 billion in revenue (+8 percent), 1.63 billion in operating profit (+168 percent) and 1.34 billion in net profit (+182 percent), for a group consolidated result of 2.09 billion, against 0.82 in 2024. The airline invested 3.58 billion in 2025, against 291 million the year before, and its debt, excluding shareholder advances, stands at 6.93 billion, up nearly 15 percent. The program contract signed with the State sets the horizon: 200 aircraft in 2037 against 50 today, 94 billion in revenue and 31.6 million passengers. By then the fleet will have quadrupled and traffic will have more than tripled.
Photo: Robbie Klinkenberg, CC BY-SA 4.0.
Ministère de l’Économie et des Finances - Rapport sur les Établissements et Entreprises Publics, projet de loi de finances 2027
