Record vehicle traffic continues in BC Ferries’ second quarter results

Record vehicle traffic continues in BC Ferries’ second quarter results
CHEK

BC Ferries says vehicle remains at an all time high after releasing second-quarter numbers. File Photo.

BC Ferries says vehicle traffic remains at an all-time high after releasing second-quarter numbers. File Photo.

BC Ferries says vehicle traffic continues to be at record levels after announcing their second-quarter results Friday.

Vehicle traffic was the highest for BC Ferries in both second quarter and year-to-date figures.

The company also says passenger traffic was at its highest mark in the second quarter in more than 20 years.

Passenger and vehicle traffic increased by 5.2 per cent compared to the same quarter in 2016, which resulted in higher revenues of 3.5 per cent in the three months ended September 30 compared to the same period last year.

Revenue is up 3.3 per cent for the year-to-date.

BC Ferries credits that to increased traffic volumes, partially offset by a lower average vehicle tariff.

The company offered a range of discounted fares for off-peak sailings.

Second quarter net earnings were $98.4 million, $3.2 million higher than the same period in 2016.

Year to date net earnings is down compared to last year by $6.5 million because of 460 additional round-trips over the regular summer schedule and three new vessels in service.

Andy NealAndy Neal

Recent Stories

Send us your news tips and videos!