Q3 2021
2 million vehicles = +26% (compared to Q3 2020) = -2% (compared to Q3 2019)
4.1 million pax = +43% (compared to Q3 2020) = -14% (compared to Q3 2019)
Year-to-date
6.7 million vehicles = +26%
14.2 million passengers = 34%
Q3 ending December 31, 2021 in CAD
Net loss -1.6 million (98.5 million) primarily as a result of the timing of recognition of ‘Safe Restart Funding’
Revenue 222.2 million (311.9 million)
Without the recognition of ‘Safe Restart Funding’ in both periods, revenues would have been 203.0 million, an increase of $45.9 million compared to the same period in the prior year.
Operating expenses were 209.5 million (199.0 million). This increase is due mainly to providing more round trips and higher fuel prices.
Year-to-date since April 1, 2021, net earnings were $83.0 million compared to $74.3 million in the same period in the prior year primarily as a result of higher traffic volumes and net retail sales, partially offset by lower ‘Safe Restart Funding’ applied to the current year and higher operating expenses.