BC Ferries has released its latest financial results… and revealed a plan for off-peak fare discounts.
Ferries says net earnings are up from 13.9 million in the first quarter of the last fiscal year to 18.8 for the first quarter of this year, which started in April.
Ferries says it’s seen increased traffic and higher sales in the gift shops and cafeterias.
Passenger numbers were up 5.0 per cent and vehicle traffic increased 4.7 per cent.
CEO Mike Corrigan also used today’s annual public meeting to announced that starting after Labour Day it will offer a 50 per cent discount on passenger fares during some off-peak periods.
It will apply to both major and minor routes.
Ferries offered the following details (also available here)
• From September 8 through October 15 on the major and minor routes, the 50 per cent passenger fare discount will be in effect Monday through Thursday on select middle of the day sailings and on Saturday afternoon and evening sailings.
• During the promotion, Monday through Thursday, BC Seniors travelling on the major and minor routes will receive a 50 per cent discount off the regular seniors’ fare during this promotion, so they’ll pay just 25 per cent of the regular adult passenger fare.
• During the promotion, Experience Card, Northern Resident and Group Discounts will be increased to match the promotional discounts of 50 per cent off the regular fare.
• For the purpose of this promotion, the major routes are the Metro Vancouver – Vancouver Island and Horseshoe Bay – Langdale routes. The minor routes are the Southern and Northern Gulf Island routes and the Port McNeill – Alert Bay Sointula route.