BC Ferries sees record-breaking number of vehicle passengers
BC Ferries says it transported a record-setting number of vehicles in its 2023 fiscal year, which ended on March 31.
A total of 9.4 million vehicles and 21.6 million passengers travelled aboard a BC Ferries vessel during fiscal 2023.
Those totals marked an increase of 11 per cent in vehicle traffic, and a 21 per cent increase in passenger traffic, compared to fiscal 2022.
BC Ferries notes that the lifting of travel restrictions in fiscal 2023 is a main reason why passenger totals increased significantly compared to the year before.
STAFFING CHALLENGES
During fiscal 2023, BC ferries said it cancelled 1.6 per cent of its sailings, up from 1.2 per cent in fiscal 2022, largely because of crew shortages.
"Like many companies facing staffing challenges, we are working hard to fill key positions to meet our commitment to our customers to deliver the service they rely on each and every day," said BC Ferries CEO Nicolas Jimenez in a statement Thursday.
"We know that even one cancellation is one too many for the millions of travellers who depend on the coastal ferry system," he said.
Total revenue for fiscal 2023 was $1.04 billion, according to BC Ferries, an increase of $77.4 million from the year before – or roughly eight per cent.
BC Ferries notes that this increase is also primarily due to the lifting of travel restrictions.
Overall, BC Ferries saw a net loss of $1.8 million in fiscal 2023. The year before, it saw a net increase of $34.1 million, but the company notes that the prior year's total includes a $102.3 million boost from the federal government through its "Safe Restart Agreement."
Without that major boost, the company would have seen a net loss of $68.2 million in fiscal 2022, according to BC Ferries.
The company's operating expenses also rose 14.2 per cent in fiscal 2023, up from $868 million in fiscal 2022 to $991.5 million in fiscal 2023.
BC Ferries says the increase in expenses is mainly due to operating more sailings – which increases labour costs and fuel consumption – as well as an increase in fuel prices and maintenance work.
"Despite high inflation and operating costs, we will continue to invest in our most valuable asset, our people, who are the backbone of BC Ferries," said Jimenez.
"I am constantly impressed by their commitment to provide the best possible customer experience for every passenger who travels with us."
CTVNews.ca Top Stories
U.S. Justice Department brings criminal charges in Iranian murder-for-hire plan targeting Donald Trump
The U.S. Justice Department on Friday disclosed an Iranian murder-for-hire plot to kill Donald Trump, charging a man who said he had been tasked by a government official before this week's election with planning the assassination of the Republican president-elect.
Who should lead the Liberals? 'None of the above,' poll finds
As questions loom over Prime Minister Justin Trudeau’s leadership, a new Nanos Research poll commissioned for CTV News says a quarter of Canadians say none of the potential candidates appeal to them.
Canada rent report: What landlords are asking tenants to pay
Average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October, said a report out Thursday.
N.S. school 'deeply sorry' for asking service members not to wear uniforms at Remembrance Day ceremony
An elementary school in the Halifax area has backed away from a request that service members not wear uniforms to the school's Remembrance Day ceremony.
48,584 space heaters recalled in Canada after burn injury in U.S.
Health Canada has announced a recall for electric space heaters over potential fire and burn risks, a notice published Thursday reads.
Israeli soccer fans were attacked in Amsterdam. The violence was condemned as antisemitic
Israeli fans were assaulted after a soccer game in Amsterdam by hordes of young people apparently riled up by calls on social media to target Jewish people, Dutch authorities said Friday. Five people were treated at hospitals and dozens were arrested after the attacks, which were condemned as antisemitic by authorities in Amsterdam, Israel and across Europe.
'Big frustration': How a limited MAID window affects Alzheimer's patients
A move by Quebec to allow a person with a serious and incurable illness like Alzheimer's to request MAID months or years before their condition leaves them unable to consent has been met with praise, confusion and criticism.
Winnipeg teacher who faces voyeurism charge now accused of sexually assaulting former student
A Winnipeg teacher previously charged with voyeurism and a number of other offences has been charged with sexual assault and sexual exploitation of a former student.
Beyonce leads the 2025 Grammy noms, becoming the most nominated artist in the show's history
Welcome to Beyonce country. When it comes to the 2025 Grammy Award nominations, 'Cowboy Carter' rules the nation.