BC Ferries garnered $315.8 million in revenue according to a new report from the passenger ferry operator, translating to net earnings of $90 million.

According to second quarter results in a press release, net earnings are down compared to the same period last year, a three-month term ending on Sept. 30.

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The company said the decrease is the result of lowering fares and adding more sailings to meet customer demand.

B次元官网网址淏C Ferries provided 288 (640 year-to-date) additional round trips compared to the same time last year throughout the system and adjusted the schedules for the routes operating out of Horseshoe Bay terminal,B次元官网网址� said Mark Collins, president and CEO of BC Ferries.

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In April, a fare reduction of 15 per cent was put into effect on all but three Metro Vancouver to Vancouver Island routes. As well, the seniorsB次元官网网址� passengers discount was increased from 50 to 100 per cent for weekday travel, excluding Fridays.

The initiative is part of a two-year plan funded by the province and BC Ferries.

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Additional sailings and the schedule adjustments required for them increased operating expenses by $13.9 million in the quarter. A new direct route between Port Hardy and Bella Coola also resulted in additional costs for labour, fuel and training.

BC Ferries plans to invest more than $3.9 million as part of its 12-Year Capital Plan, upgrading its fleet, utilizing alternative energy sources and overhauling terminals like the one at Swartz Bay.

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B次元官网网址淲e are planning for a more resilient ferry service that takes into account the energy transition to a lower carbon future and that can address customersB次元官网网址� interests in the areas of reliability, affordability and choice,B次元官网网址� Collins said. B次元官网网址淚n developing our plan, we recognize that decisions we make today must consider the way people will travel tomorrow.B次元官网网址�

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