In April 2018, B.C. Ferries plans to implement new fare initiatives. File photo

BC Ferries report net loss of $14.8 million in third quarter

CEO assures public it’s smooth sailing, advises of new ‘fare initiatives’

  • Feb. 23, 2018 4:00 p.m.

It costs a lot to keep BC Ferries afloat.

For the quarter ending Dec. 31, 2017, the marine transportation fleet marked a $14.8-million loss. It’s much larger than the $4-million loss the company posted during the same period last year, but BC Ferries management assures that it’s smooth sailing.

“With increased traffic, BC Ferries has had two strong years financially and the company is pleased to contribute to government’s fare initiatives,” B.C. Ferries’ President and CEO Mark Collins said in a statement.

“This will see a fare freeze on the major routes, a reduction in fares by 15 per cent on the minor and northern routes and the reinstatement of the full seniors’ passenger discount Monday through Thursday starting April 1, 2018.”

B.C. Ferries attributes this figure to new service enhancements and performing nearly 440 additional round trips, requiring more fuel, labour and training. B.C. Ferries experienced the highest levels of vehicle and passenger traffic in a third quarter since 2004.

In the last three months of 2017, 1.9 million vehicles and 4.6 million passengers boarded BC Ferries on 42,000 sailings.

anna.james@vicnews.com

BC FerriesCommunityTransportation

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Traffic impacted on the Malahat near Goldstream Park

Reported crash in northbound lane of highway

Barbecue thief leaves hat behind at Victoria residence

Anyone who recognizes the hat is asked to call VicPD or Crime Stoppers

COVID-19: Saanich police respond to calls about skatepark gathering, group volleyball game

‘Some people are still not taking this seriously,’ officer says

VIDEO: Sooke teachers are ‘feeling good,’ show it off in song and dance for students

Edward Milne Community School staff rock out at end of planning week

Oak Bay driver flees on foot after collision on Beach Drive

Officers caught the driver shortly after

‘Hold our line’: 29 new cases of COVID-19 announced in B.C.

Saturday’s number of new cases marks the lowest in weeks.

Critic, workers’ group ‘disappointed’ Trudeau chose Amazon to distribute PPE

Amazon Canada said in an email to The Canadian Press that it is working with Canada Post, Purolator

Full World COVID-19 update: National Guard collect ventilators in New York; Spain, Italy improve

Comprehensive coronavirus update with news from around the world.

Nanaimo’s Harmac mill works to fill doubled pulp order for medical masks and gowns

Mill’s president says extra cleaning in place and workers are social distancing

Two people fined after B.C. police spot online ads re-selling 5,000 surgical, N95 masks

Police confiscated the masks, being sold at inflated prices, and now working with Fraser Health

Unclear if Cowichan couple refusing to self-isolate will face penalty

No fines or charges have been laid to date, including Cowichan couple who won’t self isolate

POLL: Will you be able to make your rent or mortgage payment this month?

With the COVID-19 delivering a devastating blow to the global economy, and… Continue reading

COVID-19: Postponed surgeries will be done, B.C. health minister says

Contract with private surgical clinic to help clear backlog

Black Press Media ad sparks discussion about value of community newspapers

White Rock resident hopes front-page note shines light on revenue loss during COVID-19 crisis

Most Read