Stena Danish routes back to pre-pandemic levels

By | 2023 Newsletter week 9 | No Comments

Stena Line has reported that bookings on their Danish ferry routes are back to the same level as before the pandemic.

The Frederikshavn – Gøteborg and Grenå – Halmstad ferry services are reporting;

  • Summer bookings 20% ahead of the same time last year
  • The number of bookings in January is at the same level as before the pandemic
  • Day trips are up 350% compared to 2022

Danish travellers make up the majority of passengers on these routes. With the exchange route compared to the Swedish krone unusually low, it makes Sweden a very attractive holiday option for Danes.

The news comes in the same week as the popular STENA DANICA celebrated her 40th anniversary of entering service on the Frederikshavn – Gøteborg route.

Photo: Stena Line

BC Ferries full year results: everything up, but still not to pre-pandemic

By | 2022 Newsletter week 26 | No Comments

BC Ferries: traffic, revenue, net earnings and expenditures are all up, however the financial results for the fiscal year ended March 31, 2022 (fiscal 2022) are still lagging behind pre-pandemic levels.

Key figures (full year, ending March 31, 2022)

+37% passengers (17.9 million) (but still 20% lower than pre-COVID fiscal 2019)

+26% vehicles (8.5 million) (but still 5% lower than pre-COVID fiscal 2019)

+12% Revenue $965.4 million

+11% Operating $868.0 million (increases in the number of sailings, staff required to provide more service, fuel and maintenance expenses.

BC Ferries experienced a net loss of $68.2 million prior to recognizing Safe Restart Funding. After recognizing $102.3 million of this federal-provincial funding, net earnings were $34.1 million, an increase of $13.1 million compared to the previous year, which included $186.0 million in Safe Restart Funding.

In December 2020, BC Ferries received $308 million through the Safe Restart Program, a federal-provincial initiative intended to help provinces and territories safely restart their economies.  Assistance to the public transportation sector, including BC Ferries, has been a critical part of the BC Safe Restart Plan. Without this funding, BC Ferries would have recorded a total loss of $233.2 million over the past two years ($68.2 million in fiscal 2022 and $165.0 million in fiscal 2021).

The operating relief component of the Safe Restart Funding BC Ferries received has now been exhausted. The company does not foresee the need for any further COVID relief funding.