BC Ferries report highlights significant problems ahead
A new report suggests there could be rough waters on the horizon for BC Ferries when it comes to revenue, sky-rocketing costs and labour shortages.
The document is a revision of a report submitted just six months ago to the BC Ferries commissioner.
“The original plan was informed by the latest financial and economic data as well as forecasts available six months ago,” BC Ferries Chief Financial Officer Jill Sharland said in a statement. “We have updated the four year plan so the commissioner has the best information available on which to base her indicative price cap decision.”
The revised report highlights the changing economic climate and predicts a looming recession will reduce discretionary travel and lower previously forecasted revenue by $14 million in the fiscal year 2024.
