c
Edmonton
airing now
101.7 FM
|
88.1HD2
airing now
8.85 c
Edmonton
airing now
101.7 FM
|
88.1HD2

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.

Latest News

Share on

Sign up for the newsletter
We'll deliver best of entertainment right into your inbox
We love to hear from our listeners, so feel free to send us message
whatsUp icon
Message us on whatsapp