Against the backdrop of the global health crisis and restrictions on travel abroad, the performance of the National Airports Office (ONDA) in 2022, will not yet reach the level recorded in 2019, but should show a marked improvement over 2020 and 2021. Indeed, following the meeting of its board of directors, held Monday under the chairmanship of the Minister of Transport and Logistics, Mohammed Abdeljalil, the ONDA said in a statement that this year, “the office expects to achieve a turnover of $305.6 million (2.8 billion dirhams) based on forecasts of air traffic.”
Advancing more details in this direction, the Office said that the forecast air traffic is estimated at 14 million passengers, or 56% of traffic in 2019, and the overflight activity should be 67% of the level of 2019. These estimates are, in fact, supported by the figures provided by the Ministry of Finance. Precisely, according to the report of public institutions and enterprises (EEP) accompanying the draft law of Finance (PLF) 2022, the airports of the Kingdom should experience air traffic of 15 million passengers, or 60% of the level of the year 2019. In addition, it is noted in the same report that “for the years 2022 to 2024, air traffic should experience a gradual recovery estimated in 2022 at 60% of the level of 2019 (15 million passengers), then 80% in 2023 (20 million) before returning in 2024, a normal activity close to that of 2019 (25 million).
These statistics on domestic traffic are supported by those relating to international activity. The year 2022 will be the year of acceleration, according to the forecasts of the company specializing in global aviation data Cirium, the number of air passengers increasing steadily. As a result, global domestic flights (measured in passenger numbers) are expected to return to pre-pandemic levels by the end of 2022. As for international passenger traffic, it should reach 2/3 of its 2019 level.
Read more about Morocco’s airline industry and find the latest business headlines in the world with the born2Invest mobile app.
Investments continue in the airline industry
In any case, the effects of the health crisis on travel do not slow down the National Airports Authority in its momentum, in terms of investment. It was announced, following the holding of its board of directors, that a budget of about $217,609 (2 MMDH) will be allocated to investment, 50% of which for the continued development of airport capacity.
Thus, the meeting was an opportunity to recall the main projects completed in 2021 and relating to the commissioning of the new terminal of the airport Nador El Aroui, the temporary terminal dedicated to national transport at the airport Mohammed V, as well as the beginning of the implementation of a new concept of direct routes in the Moroccan airspace and the operation of various equipment of radio navigation and communication.
2021, a year of mixed results
Regarding the achievements of the Office under the year 2021, the investment expenditure incurred amounted to $90.5 million (832 MDH) and the turnover to $217,659 (2 MMDH), a decrease of 52% compared to 2019 but an increase of 29% compared to 2020, recalled the statement. It is also specified that this performance is due, in particular, to the improvement of air passenger traffic which has reached 9.97 million, representing 40% of the traffic achieved in 2019.
The meeting was also an opportunity for the board to review the efforts made by ONDA to preserve the health and safety of staff and users of airports, during this year marked by the extension of the health crisis. And to highlight the level of availability of equipment and critical infrastructure, adding that these efforts have enabled 16 Moroccan airports to obtain the label “Airport Health Accreditation”, issued by the Airport Council International.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in LES ECO.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [uMobix Affiliate Program Review]
This week, we're covering everything from hustle culture to spying on kids, making this affiliate digest look like it has...
Stanford University Returns Millions from FTX
Between November 2021 and May 2022, Bankman directed donations of more than €5.5 million from FTX Group to Stanford University....
Biova Project Launched an Equity Crowdfunding Campaign on Mamacrowd
Biova Project makes deals with players in large-scale distribution and production to recover, store, and transform unsold food, or food...
Novo Nordisk Plans to Open a Tech Headquarters in Spain
Novo Nordisk increased its profit by 42.5% in the first half of 2023, reaching 39,242 million Danish crowns (€5.26 million)....
Immorente Invest Maintains its Financial Stability
Although the occupancy rate has fallen from 92% to 90.2% compared with the end of 2022, the company expects this...
Business2 weeks ago
Argentinian Grilling Had One Big Problem… Then Kankay Came Along
Business3 days ago
Use This AI-Powered Money Saving App to Boost Your Finances
Crowdfunding1 week ago
Real Estate Crowdfunding Has Raised Over €45 Billion Worldwide
Crowdfunding6 days ago
Out Of Raises €2.4 Million Through Equity Crowdfunding, in 2 Weeks