Waiheke ferry price rise called 'punishing', Fullers claims $67K/day losses - News Summed Up

Waiheke ferry price rise called 'punishing', Fullers claims $67K/day losses


Ferry operator Fullers says it has racked up losses of $67,000 on the Waiheke route during the pandemic. Photo / FileFerry operator Fullers says it has racked up losses of $67,000 on the Waiheke route during the pandemic. The councillor wants the Waiheke route brought under AT oversight, which would allow Fullers to draw on subsidies, but also come with price regulation. While acknowledging pandemic losses, he says the Waiheke run has made big profits for Fullers before, and will do so again. Their handy pre-Covid profits from the Waiheke run might need to be repatriated from the Glasgow owner."


Source: New Zealand Herald June 25, 2022 02:31 UTC



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