Record passenger numbers for TT-Line

October 25, 2023 9:58 am in by

TT-Line’s two Spirit of Tasmania ferries carried a record number of passengers for the financial year ended June 30.

The company’s annual report says more than 450,000 passengers were carried in the 12 months, considerably up on the previous COVID-affected figure of just over 284,000, with the number of sailings increasing from 823 to 896.

TT-Line’s bottom line was also much healthier by comparison, turning a $14.1 million loss into a $8.6 million profit after tax.

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The report says the company lost around 10 per cent of its freight volume with the move from Melbourne to Geelong in October last year, but the amount of freight had returned to previous levels my mid-April and figures for May and June had exceeded budget forecasts.

TT-Line celebrated the first anniversary of the commencement of the Geelong service on Monday.


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