Ferry firms to offer discounts as profits soar - RTHK
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Ferry firms to offer discounts as profits soar

2016-04-15 HKT 15:28
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Albert Chan talks to RTHK's Wendy Wong
Two companies operating six ferry routes to outlying islands have agreed to offer discounts of around 10 per cent starting from July.

This comes after the government revealed that the profits of Hong Kong & Kowloon Ferry and New World First Ferry companies had sharply increased over the past 18 months due to a steep fall in oil prices.

The companies have said they will use half of this profit, amounting to HK$22 million, to offer fare discounts.

Discounted fares will be offered on ferries to the islands of Cheung Chau and Peng Chau; to Mui Wo and Chi Ma Wan on Lantau; and to Yung Shue Wan and Sok Kwu Wan on Lamma.

But People Power lawmaker Albert Chan, who's a Lantau resident, is not satisfied. He told RTHK’s Wendy Wong the operators should also use their profits to improve their services.

The two operators had received a HK$190 million government subsidy when their licences were renewed.