Morocco’s Largest Bus Company CTM Reports 47% Revenue Drop Amid Pandemic Travel Restrictions

At the end of last September, the turnover of the CTM fell by 46.6%, i.e. an amount of 272 million DH. In the 3rd quarter, the turnover stood at 69 million DH, a decrease of 61.9%, bringing the turnover achieved at the end of September to 190 million DH, according to a CTM press release.

For the road carrier, the partial lifting of the lockdown, which should have favored road transport, was accompanied by restrictive measures on inter-city travel during the summer period and especially during Eid al-Adha. The same press release specifies that the activity of CTM Messagerie has slightly resumed in the third quarter in order to limit the decline in the group’s indicators.