BC Ferries are seen leaving Horseshoe Bay near West Vancouver, B.C. Monday, March 16, 2020. The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership. THE CANADIAN PRESS/Jonathan Hayward

BC Ferries losing up to $1.5 million each day as pandemic tanks ridership

The company does not qualify for the wage subsidy

The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership.

Association CEO Serge Buy says BC Ferries, which makes up more than one-third of the sector’s revenues across the country, has seen a “staggering” 80 per cent decline in traffic over the past three months, leading to the suspension of some routes.

BC Ferries is a private company run by a not-for-profit corporation, but is recognized as provincially owned under federal tax law.

That designation excludes it from Ottawa’s wage subsidy program, prompting the association to ask a House finance committee hearing Tuesday to recommend that BC Ferries be made eligible for support.

Buy says he has made the request repeatedly to federal ministers but received no response.

READ MORE: Ferry sailings scheduled once again at Nanaimo’s Departure Bay terminal

He also says several ferry operators along the Ottawa River in Quebec and Ontario remain ineligible for the Canada Emergency Wage Subsidy because they had no revenue in March, April and May of 2019 — a condition of signing on to the program — due to flooding that prevented operations until June.

Buy says employees and communities should not be victimized by a program they would qualify for ”if only one disaster hit” instead of two.

Buy’s comments came at a committee hearing where other representatives from the transportation industry testified to the plight of regional airlines, public transit and charter bus companies.

READ MORE: BC Ferries passengers asked to avoid all non-essential travel amid pandemic

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

bc ferryeconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Four air ambulance flights out of Terrace delayed or cancelled

Pandemic precautions caused nighttime closure of service station providing weather data to pilots

Skeena Resources, Tahltan prez excited by purchase of Eskay Creek

Skeena gets full control of mine, Barrick gets 12 per cent of Skeena and a one per cent royalty

CityWest announces new CEO

Stefan Woloszyn will start Aug. 17 to head up Prince Rupert, Kitimat, Terrace and Smithers region

CityWest announces new CEO

Stefan Woloszyn will start Aug. 17 to head up Prince Rupert, Kitimat, Terrace and Smithers region

Terrace conservation officers relocate Spirit bear

Bear roamed Kitsumkalum Valley north of Terrace for many years

B.C. sees 25 new COVID-19 cases, community exposure tracked

One death, outbreaks remain in two long-term care facilities

VIDEO: Vancouver Island cat missing 18 months reunited with family

Blue the cat found at Victoria museum 17 kilometres from home

VIDEO: Alberta man rescues baby eagle believed to be drowning in East Kootenay lake

Brett Bacon was boating on a lake in Windermere when he spotted the baby eagle struggling in the water

Conservationists raise concerns over state of care for grizzly cubs transferred to B.C. zoo

‘Let them be assessed now before their fate is sealed,’ urges B.C. conservationist Barb Murray

B.C.’s COVID-19 job recovery led by tourism, finance minister says

Okanagan a bright spot for in-province visitor economy

National Kitten Day aka the ‘purrfect’ day to foster a new friend

July 10 marks National Kitten Day, a special day to celebrate all things kittens

Lower Mainland YouTubers claim to be Kelowna display toilet ‘poopers’

RCMP can not speak to legitimacy of video, will be investigating

Haida matriarchs occupy ancient villages as fishing lodges reopen to visitors

‘Daughters of the rivers’ say occupation follows two fishing lodges reopening without Haida consent

RCMP confirm homicide investigation underway near Quesnel

Police releasing few details four days after homicide occurred Monday, July 6

Most Read