September 27, 2006
Wednesday

Craig, Alaska - Revenues generated by the M/V Stikine on the Inter-Island Ferry Authority's new northern route exceeded vessel variable operating expenses by approximately $20,000 in the first summer season of service, it was announced Monday by IFA general manager Tom Briggs. Variable operating expenses include crew, fuel, supplies and terminal operations. Fixed and administrative costs are recorded separately.

A total of 4,122 passengers and 1,039 vehicles were transported between Coffman Cove, Wrangell and Petersburg between May 18 and September 17. Revenues generated for this period were $260,423, nearly $25,000 more than the $236,000 budgeted. A daily round-trip between the three communities was provided each Thursday, Friday, Saturday and Sunday.

IFA board chair and Craig mayor Dennis Watson said that the board is very pleased with the traffic generated. He announced that the 2007 northern route service will be provided each Friday, Saturday, Sunday and Monday between May 25 and September 17, 2007. Thursday sailings were replaced with Monday service at the request of many users. The scheduled departure from Coffman Cove will be at 7:00am, an hour earlier than this year, to enable Prince of Wales Island residents to connect with Alaska Airlines northbound flight 65 at Wrangell. Scheduled departure/arrival times will be one hour earlier than this year at each of the three ports served by the M/V Stikine.

Watson also announced that effective October 1, 2006 through April 30, 2007, fares on the IFA's southern route between Hollis and Ketchikan will be reduced and special promotions will be introduced. Drivers of vehicles will travel free. The one-way passenger fare will be $32 for adults and $18 for seniors and children. A new Bonus Card will be introduced, providing a free one-way ticket after ten one-way's are purchased. The bonus card will be in effect all year.

Source of News:

IFA

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