VIA Rail reports continued impact of pandemic in Q1
As a result of lower demand in Q1, VIA Rail is implementing a plan for reduced capacity for services in operation.Photo – viarail.ca
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As Canada continues to deal with the COVID-19 pandemic, VIA Rail Canada reported a decrease of 80.2% in ridership and an 80.9% drop in passenger revenue in first-quarter 2021 compared with levels during the same period last year.
As a result of lower demand in Q1, VIA Rail is implementing a plan for reduced capacity for services in operation. The railroad continues to manage its operating expenses, which decreased by 34.1% during the first quarter, according to a news release.
Cost-cutting measures include:
reduction of some operating expenses in proportion to the level of operations;
temporary employee layoffs;
reduction of publicity and advertising initiatives;
reduction of services offered in stations; and
decrease of administrative costs and the postponement of nonessential initiatives.
In addition, VIA Rail has deployed strict protocols of sanitary measures since March 2020, railroad officials said.