AllTheFact-FreeFalderalAndFiddleDeeDeeThatFits
FerryVille
So….
BC Ferries CEO, and Million Dollar Man, Mr. David Hahn says his rising deficit is not being driven by his sky-high ticket and ‘reservation’ prices that British Columbia residents will no longer pay.
Instead, he says that is massive decrease in ridership that is reducing his revenue has been caused, at least in part, by the fact that American tourist traffic is way down.
The following is from the CBC’s report on the matter, but this kind of stenography can be found at pretty much any and all of the CorpMedia organ grinder monkey sites:
“…On Wednesday BC Ferries CEO David Hahn announced the provincially run corporation is looking at cutting the extra Friday and Sunday sailings on major routes during the off season to meet a forecast $35 million budget deficit this year.
Hahn says passenger trips have dropped to a 20-year low and vehicle traffic has dropped to an 11-year low. He blames the drop on rising fuel costs, a slow economy and a strong Canadian dollar that’s keeping tourists away this summer….”
To which I say to Mr. Hahn…..
Prove it.
Right now.
How?
Release the data to your shareholders that your shareholders can no longer request by FOI because you are a so-called ‘private’ company.
Specifically, show us the data pertaining to where, exactly, the people who made reservations in the summers of, say 2009, 2010 and 2011 reside.
And if there is not a disproportionate drop in folks from the Excited States making reservations Mr. Hahn he might have some ‘xplainin’ to do.
But only, of course, if at least one of the CorpMedia scribes could actually put down their steno-pads long enough to ask a real question or two.
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Harvey Oberfeld, who was never a stenographer back when he worked for the old-style CorpMedia, has more to say about this matter here.
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