BC Ferries says it transported a record number of vehicles in its 2023 fiscal year despite a 'high level' of sailing cancellations.
Posted: Jun. 11, 2023 2:03PMdespite a “high level” of sailing cancellations due to staff shortages.
Vehicle traffic was the highest ever recorded in BC Ferries’ 63-year history and is “primarily as a result of the removal of travel restrictions” first implemented amid the pandemic, according to BC Ferries.“Revenue for the year ended March 31, 2023, was $1.04 billion, an increase of $77.4 million or 8 per cent from the prior year,” the company says.
In fiscal 2023, BC Ferries delivered 86,835 round trips — 4,000 more than in fiscal 2022 — even as it “experienced a high level of sailing cancellations due to the company’s inability to secure sufficient crew.” The company also recorded a net loss of $1.8 million compared to 2022’s net earnings of $34.1 million, though it did receive $102.3 million in Safe Restart Funding that year.
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