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Morocco Property Investment Specialist

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Uplifting Results for Royal Air Moroc

Posted in by Colin Timms Thursday May 15, 2008

According to a communiqué issued by RAM, the company has continued its growth and sustained its economic stability and competitiveness in the market, in a context marked by the increase of competition and high fuel prices.

Uplifting

RAM’s international traffic progressed 17% in 2007, while that of Atlas Blue jumped 55%, the same sources added.
According to this document, the company achieved a net income of USD 14.9Mn, while its turnover totalled some USD 1.5Bn, with an increase of 9.6% compared to 2006.

Atlas Blue turnover doubled to reach USD 254Mn in 2007. These results were made possible due to “the mobilization of RAM’s employees, and their commitment and daily efforts,” the communiqué went on to say. RAM said the six first months of 2008, which are characterized by the tough world juncture, made the oil bill soar by 60% for the company.

Source: www.map.ma

Colin Timms of Moroccan Sands comments:”News that Royal Air Maroc has substantially increased passenger numbers is hardly surprising”. He added: “Moroccan property buyers, particularly purchasers of Marrakech properties will be pleased to know that RAM’s low-cost subsidiary, Atlas Blue, currently offer single fares from London to Marrakech starting at just £39”.