BC Ferries released its Q1 results for the three months ended June 30.
Passenger and vehicle traffic levels are the highest the company has ever experienced in a Q1.
Net earnings for Q1, 2020 were CAD 12.2 million (6.0 million)
In this quarter, BC Ferries invested CAD 26 million as part of its 3.9 billion 12-Year Capital Plan that is focused on replacing ships and upgrading terminals. “We need to replace half of our fleet over the next 15 years as we incorporate clean technology and increase capacity,” said Mark Collins, BC Ferries’ President and CEO.