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BC Ferries losing up to $1.5 million each day as pandemic tanks ridership

The company does not qualify for the wage subsidy
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BC Ferries are seen leaving Horseshoe Bay near West Vancouver, B.C. Monday, March 16, 2020. The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership. THE CANADIAN PRESS/Jonathan Hayward

The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership.

Association CEO Serge Buy says BC Ferries, which makes up more than one-third of the sectorB次元官网网址檚 revenues across the country, has seen a B次元官网网址渟taggeringB次元官网网址 80 per cent decline in traffic over the past three months, leading to the suspension of some routes.

BC Ferries is a private company run by a not-for-profit corporation, but is recognized as provincially owned under federal tax law.

That designation excludes it from OttawaB次元官网网址檚 wage subsidy program, prompting the association to ask a House finance committee hearing Tuesday to recommend that BC Ferries be made eligible for support.

Buy says he has made the request repeatedly to federal ministers but received no response.

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He also says several ferry operators along the Ottawa River in Quebec and Ontario remain ineligible for the Canada Emergency Wage Subsidy because they had no revenue in March, April and May of 2019 B次元官网网址 a condition of signing on to the program B次元官网网址 due to flooding that prevented operations until June.

Buy says employees and communities should not be victimized by a program they would qualify for B次元官网网址漣f only one disaster hitB次元官网网址 instead of two.

BuyB次元官网网址檚 comments came at a committee hearing where other representatives from the transportation industry testified to the plight of regional airlines, public transit and charter bus companies.

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The Canadian Press


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