National

Whistler Blackcomb Sees Decline In Ski Visits Amid Poor Weather, Q2 Profit Down

Darpan News Desk The Canadian Press, 08 May, 2015 01:30 PM

WHISTLER, B.C. — Whistler Blackcomb Holdings Inc. (TSX:WB) says skier visits were down 9.3 per cent during the past winter season, partly because of unusually warm and wet weather and below-average snowfall.

The B.C.-based resort operator says it was able to offset some of the negative financial impact of the poor conditions through higher pricing and guest spending at its retail, rental and snow school businesses.

Average revenue per visit was up 12.7 per cent, to $119.38 from $105.88 a year earlier, but total revenue for the three months ending March 31 was down 1.4 per cent to $136.8 million, from $138.8 million.

Still, Whistler Blackcomb's second-quarter net profit was down 10 per cent from the same time last year and adjusted earnings slipped three per cent.

Net income dropped to $46.7 million from $52 million in last year's second quarter, while adjusted earnings fell to $76.1 million from $78.6 million.

Prev Next

MORE National ARTICLES

Commons Committee Report Calls For A Better Strategy To Combat ISIL

OTTAWA — As Canada prepares its next forays in the fight against ISIL, the Conservative-dominated foreign affairs committee is calling on the government to develop a strategy that goes beyond the military campaign.

Commons Committee Report Calls For A Better Strategy To Combat ISIL

Corporate Profit Margins At 27-year High Amid Falling Loonie, Labour Costs: CIBC

TORONTO — CIBC World Markets says corporate profit margins hit a 27-year high in the fourth quarter and are likely to remain strong despite the recent softening in the economy due to the oil price shock.

Corporate Profit Margins At 27-year High Amid Falling Loonie, Labour Costs: CIBC

New Brunswick Forecasts $477m Deficit, Hikes Gas Taxes, Cuts Teaching Jobs

FREDERICTON — New Brunswick's Liberal government has introduced an $8.6-billion budget that increases taxes for the wealthy, bumps up the price of fuel, promises to close some courthouses and cut nearly 250 teaching jobs.

New Brunswick Forecasts $477m Deficit, Hikes Gas Taxes, Cuts Teaching Jobs

Bring All Branches Of Government Under Information Law, Watchdog Urges

OTTAWA — A federal watchdog says the Access to Information Act should be extended to all branches of government — including the offices that support Parliament and the courts.

Bring All Branches Of Government Under Information Law, Watchdog Urges

Tender Call Finally Issued In Decade-long Plan To Replace Military Search Planes

OTTAWA — The Harper government has issued a long-awaited call for tenders to replace Canada's aging fixed-wing search planes, more than a decade after the project was first proposed.