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 sailings have been busier this year

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

RCMP ask public to help locate missing West Kelowna teen

Madison Loutitt was last seen July 12

Thieves on the loose in Lake Country

The RCMP is looking for thieves who stole from vehicles and a liquor store

Indie film lovers unite in Kelowna

The third annual IndieFest starts today

Cyclist attempts to break Pan-America world record

German cyclist Jonas Deichmann is travelling through B.C. to Alaska. He plans to begin his attempt on Aug. 18.

France doubles up Croatia 4-2 to win World Cup

Played in Moscow Russia, latest Fifa World Cup marks the highest scoring final since 1966

Your reviews: John Fogerty rocks the South Okanagan

Photos and reviews from fans in Penticton at John Fogerty’s concert in the SOEC

B.C. VIEWS: Making private health care illegal again

Adrian Dix battles to maintain Cuba-style medical monopoly

Almost every part of Canada’s largest national park deteriorating: federal study

Drawing on decades of research — the report lists 50 pages of citations

Activists protest outside Kinder Morgan terminal in kayaks, canoes

Tsleil-Waututh elder Ta’ah Amy George led the water ceremony from a traditional Coast Salish canoe

Canadian soccer fans brace for World Cup final between France, Croatia

First ever final for the Croatians, while it’s France’s third, going into match as betting favourite

B.C. Lions claw their way back to score 20-17 victory over Winnipeg Blue Bombers

The Bombers, who beat the Lions 41-19 last week in Edmonton, fell to 2-3 with the loss

High winds, lack of rain suggest no breaks in sight for B.C. wildfire season

There were 11 new wildfires across the province over 24 hours, BC Wildfire Service officials say

CJ’s Nightclub may be reopening in August under new ownership

Facebook posts suggest the longtime night club is set to reopen in August, also hiring staff

Most Read