22-May-2013 4:36 PM

Royal Air Maroc reports best ever results in 2012

Royal Air Maroc reported (15-May-2013) an operating profit of MAD718 million (USD83.2 million) in 2012, from an operating loss of MAD499 million (USD57.8 million) in 2011, the best performance in the carrier’s history and far exceeding the goals set in the programme contract it signed with the government in Sep-2011, according to CEO Driss Benhima. The carrier increased its investment from MAD556 million (USD64.4 million) in 2011 to MAD1500 million (USD173.7 million) in 2012, much of which has been earmarked for the acquisition of new aircraft. [more – original PR – Arabic]