Between 1935 and 1938, the ferries carried two million passengers per year. This dropped around World War II to a low of 510,000 in 1960. In the 1960s, the numbers started increasing again, to one million in 1966. In 1970, the ferries carried 1.42 million passengers to the Islands. This declined in subsequent years, attributed to the introduction of other attractions in Toronto. In 1995, annual passenger numbers were 1.21 million passengers, with an average summer day carrying 25,000 passengers and an average winter day carrying 500 passengers. The 1995 annual budget to operate the ferries was million, of which ticket revenues covered million. The ferry service regularly runs a deficit, ranging from $647 in 1926 to $500,000 in 1954. The annual subsidy was once considered a scandalous waste of money.