Royal Air Maroc financial results: revenue, passengers & 2037 fleet plan

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Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.

— metrics in this profile FY2022 → Q2 2026 Updated — Next results —

At a glance

Latest reported period

Metrics

Full-year history

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RReportedDirect company disclosure CCalculatedDerived from company figures GGroup-levelBroader than the airline entity DCompany-definedNon-standard measure —Missing dataNot stored, not disclosed or not applicable; see each cell

Analysis

What the numbers say

More detail

Additional disclosures

Guidance vs actual

Did the airline deliver?

What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.

Fleet & orders

Fleet composition

Key events

What moved the numbers

Peers

Compare with peers

FAQ

Frequently asked questions

Methodology

How to read this page

Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. Core metrics follow the Airline comparison tool.

  1. Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
  2. Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
  3. YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
  4. Operating margin uses operating profit or EBIT ÷ revenue. EBITDA, EBITDAR and their margins are separate disclosures and are not substitutes for operating profit or margin. Company-defined measures keep their source labels (marked D).
  5. Sources: annual reports, interim results and traffic statements. See Data & Research.

Quick answers

What was Royal Air Maroc’s revenue in 2025?

Royal Air Maroc reported revenue of about MAD20bn in FY2025 (year to 31 Dec 2025).

Company-reported figures from our airline database. Definitions, currencies and reporting periods differ between airlines; see the tables on this page and the comparison tool for detail.

Text version of the Royal Air Maroc data on this page

Royal Air Maroc data snapshot

  • Scope: Royal Air Maroc, the national carrier of Morocco
  • Region: Africa
  • Business model: Global network
  • Financial year end: 31 Dec
  • Reporting currency: MAD
  • Source: Company statements as reported by Moroccan press
  • Latest period: FY2025
  • Last updated: 2026-09-27

Latest read

Royal Air Maroc carried 7.5 million passengers in 2025, up from 7.2 million, with revenue close to MAD 20 billion. Its expansion plan targets 200 aircraft, 32 million passengers a year and about MAD 100 billion of revenue by 2037, with 20 new aircraft due in 2025–2026.

Reported metrics by period

Annual results

  • FY2025 (FY2025 · 31 Dec 2025): Passengers: 7.5m (Passengers; +4% YoY); Revenue: ~MAD 20bn (Revenue close to MAD 20bn); Fleet growth / guidance: +20 aircraft (New aircraft planned for 2025–2026; 3 delivered by June 2025). Source: Royal Air Maroc 2025 passengers (Africa24).
  • FY2024 (FY2024 · 31 Dec 2024): Revenue: MAD 20bn (Revenue; net result positive (amount not disclosed); more than MAD 700m paid in taxes); Passengers: 7.2m (Passengers (Africa24)). Source: Royal Air Maroc revenue and 2037 plan (TelQuel).

Sources