Healthy profits for BC Ferries to this point

BC Ferries has announced its second quarter results.

During the last two quarters, BC Ferries had net earnings just over 122 million dollars.

That’s up from just over 103 million dollars during the same period in 2015.

BC Ferries typically generates net earnings in the first and second quarters, which are subsequently reduced by net losses in the last two quarters of the fiscal year when there is less travel.

The profits will help finance the new Salish Class vessels which will enter service next year, as well as the mid-life upgrade project for two Spirit Class vessels.

The profits will also help pay for investments in marine
structures like at the Langdale terminal.