BC Ferries has released its third quarter results, reporting a net loss of $3.7-million dollars.
That’s for the three-month period which ended last December, and compared to a net loss of $6.1-million in the same quarter last year.
BC Ferries says due to the “seasonality of ferry travel”, the company typically generates higher earnings in the first and second quarters, which are reduced by the net losses in the last two quarters of the fiscal year.
The company attributes the sagging Canadian dollar and falling price of gas as factors for a strong year from a traffic standpoint.
Early this week, BC Ferries said the rates would not change for travelers this year.