VIA Rail Canada is optimistic that it will meet its financial targets despite announcing that revenues were down on the same period last year.
President and Chief Executive Marc Laliberté said the company was confident that its plans to modernise its passenger rail services would see it meet its projections come the end of the year.
Responding to the company’s second quarter figures, Laliberté said: “We responded to challenging market conditions with aggressive cost management measures that helped us maintain expenses below the same period last year, reducing the impact of reduced ridership levels as much as possible, while still making passenger rail a more attractive option for customers.”
As we continue to transform and modernise passenger rail, we are building the kind of modern passenger service that customers and taxpayers want
“While we faced a challenging second quarter, we remain optimistic that we can meet our financial objectives for 2012 – excluding pension costs,” said Mr Laliberté.
“As we continue to transform and modernise passenger rail, we are building the kind of modern passenger service that customers and taxpayers want – one that is financially sustainable, delivers good value for taxpayers’ money, and is ready for future growth.”
