Is BC Ferries taking on red ink in record proportions?

Are the ingredients in place for a financial crash at BC Ferries that may change the nature of the ferry system in British Columbia forever? If you digest the numbers as presented by the on line website the Tyee, you might think that they may be taking to the life rafts very shortly.

The Tyee is reporting today that in the last quarter of 2007, that being the last three months of October, November and December that BC Ferries lost 7.8 million dollars, up decidedly from 2006 when the service reportedly lost 1.8 million in the same reporting period.

This precipitous drop in revenues comes despite the fact that ferry rates have been steadily increasing along BC’s coastal fleet for the last couple of years now…

( from  the blog a town called podunk,  click on the link below to see the entire article … 0182017351 )-