BC Ferries sailings have been busier this year

More discounts coming as BC Ferries traffic rises

Vehicle traffic up 5% with no net fare increase and discounts offered for vehicles pulling boats and travel trailers

BC Ferries plans to continue its campaign of price promotions this fall and next spring in an effort to maintain increased passenger and vehicle traffic.

First-quarter results for the Crown corporation show passenger traffic up 2.5 per cent and vehicle loads up 5.1 per cent for the three months ended June 30, compared with the same period in 2015.

Buoyed by a strong tourist year for B.C. and no net fare increase, BC Ferries carried 5.3 million passengers and 2.1 million vehicles in April, May and June. The 1.9 per cent average fare hike was erased by a reduced fuel surcharge due to long-term contracts for cheaper diesel fuel.

Helped by reduced operating costs and higher retail sales from terminals and on-board gift shops, net earnings were $27 million for the quarter, up from $18.8 million in the same period last year. Revenues were up 4.9 per cent to $219 million, while costs for the quarter went up 1.5 per cent to $178.6 million.

BC Ferries CEO Mike Corrigan released the first-quarter results at the corporation’s annual meeting in Victoria, where he also announced that unspecified pricing promotions will be offered this fall and next spring. This year BC Ferries has been offering discounts on over-length vehicles pulling boats or travel trailers.

Corrigan also announced he will be stepping down as CEO at the end of the fiscal year next March. He was promoted in 2012 to replace former CEO David Hahn, and presided over a controversial service review that saw sailings reduced on money-losing routes.

Transportation Minister Todd Stone praised Corrigan for reducing operating costs and embracing new technology, including three new medium-sized ferries using liquefied natural gas fuel that have been built in Poland.

LNG retrofits are also scheduled for the Spirit of B.C. and the Spirit of Vancouver Island, the workhorses of the main Tswassen-to-Vancouver Island route.

Corrigan’s term also saw the first cable ferry in the BC Ferries fleet, the Baynes Sound Connector to Denman Island. Stone said the cable ferry cut fuel costs by half.

 

Just Posted

Double lung transplant gives West Shore man second chance

Co-owner of West Shore Barber Shop grateful for every minute of the 16 years transplant has provided

Hallmark movie filming in Oak Bay

Shooting for ‘Sunshine’ continues into June across Greater Victoria

City says traffic pattern on Bay Street Bridge will stay as is until October

Commuters began facing long waits on Tuesday morning after the east-bound lane was closed

Home where Proctor murder took place removed from Langford’s Affordable Housing Program

Langford woman almost purchased home, decided against it after hearing history

PHOTOS: Victoria youth continue to gather for climate action

Local students participated in a global movement calling for climate action

New airline regulations bring compensation for tarmac delays, over-bookings

Some of the new regulations will roll out in July, while others are expected for December.

Pacific Rim National Park Reserve investigating after sea lion found shot in the head

Animal is believed to have been killed somewhere between Ucluelet and Tofino

POLL: Were you satisfied with the Game of Thrones series finale?

Millions gathered in front of their televisions Sunday night to watch the… Continue reading

Greater Victoria wanted list for the week of May 21

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

B.C. port workers set to strike on Monday in Vancouver

A strike at two container terminals would affect Canadian trade to Asia

Volunteers already rescuing fry from drying creekbeds around Cowichan Lake

It’s early but already salmon fry are being left high and dry

So, they found ‘Dave from Vancouver Island’

Dave Tryon, now 72 and living in North Delta, will reunite with long-ago travelling friends in Monterrey, Calif.

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

Most Read