December 1, 2023
BC Ferries’ net earnings (compared to same period last year)
- For the 3 months ended September 30, 2023: $102.1 million (+26.9%)
- For the 6 months ended September 30, 2023, $117.3 million (+32.8%)
Passengers
- Q2: 7.8 million (+4%)
- Year-to-date: 13.6 million (+5%)
Vehicles
- Q2: 3.0 million (0%)
- Year-to-date: 5.5 million (+2%)
Revenue
- Q2: +11% primarily as a result of an increase in vehicle and passenger traffic levels, tariff rates, fuel surcharges and retail revenue.
- Year-to-date +10% over the same period in the prior year impacted by factors such as changes in overall traffic levels, traffic types and tariff rates.
- While revenues were higher, expenses from operations increased by 11% mainly due to continued inflationary pressure across all cost categories.