November 28, 2025
- Revenues reached $125.2 million, down $12.1 million from last year but $5.3 million above budget. Lower passenger traffic, caused by the delayed Argentia service, offset stronger commercial volumes.
- Expenses totalled $294.5 million, broadly in line with last year. Rising wages and benefits (+7.4%) were driven by added capacity, overtime, and staff shortages.
- Materials, supplies and services fell by $4.4 million year-on-year due to last year’s cost of bringing ALA’SUINU into service, though costs remained above budget because of inflation and contracted services.
- Repairs and maintenance were stable year-on-year but 11% above budget, reflecting inflationary pressure and additional work on the ageing fleet.
- Insurance, rent and utilities saw slightly lower costs than last year, but higher than budget due to increased claims.
- Administrative costs increased due to passenger compensation linked to ALA’SUINU’s mechanical issues and schedule disruptions.
- Gains decreased by $6.2 milli
Noteworthy: Marine Atlantic is looking at the options for a new ferry (page 20). Another Eflexer?
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