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Pandemic pushes BC Ferries revenue losses to $62 million in first quarter
BY , Aug 20, 2020 11:25 PM - REPORT AN ERROR
BC Ferries says it sank to a first quarter loss of 62 million dollars due to the impact of COVID-19 on ferry traffic.(The Canadian Press)
BC Ferries says it sank to a first quarter loss of 62 million dollars due to the impact of COVID-19 on ferry traffic.
That compares with a profit of 12.2 million dollars in the April to June period last year.
It says revenue was down 109 million dollars as lockdowns imposed to prevent the spread of COVID-19 saw ferry traffic plummet at the start of the pandemic.
A statement from BC Ferries says ferry traffic dropped 75 to 80 per cent across the system in a matter of days at the outset of the pandemic.
The province announced earlier this month that BC Ferries would be included in a 1.08 billion dollar federal-provincial fund to deal with the impact of the pandemic.
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