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That's not right, I'm afraid - the Underground is usually profitable and subsidises loss-making forms of transport (particularly buses). Here's some high-level,
by simpleigh 5y ago
That's not right, I'm afraid - the Underground is usually profitable and subsidises loss-making forms of transport (particularly buses). Here's some high-level, pre-pandemic figures: https://diamondgeezer.blogspot.com/2018/03/average-yield-and-operating-costs.html https://diamondgeezer.blogspot.com/2018/03/average-yield-and...
(based on TfL's draft budget for 2018-19)
- 7952 5y agoThere is so much pent up demand for transport in the UK that it completely distorts things. You can have a system that is overcrowded, profit making, expensive for users, and underfunded all at the same time. The economic pulls that could fix this are outweighed by things like housing costs.
- hogFeast 5y agoThe govt bailed them out last year.
- Milner08 5y agoRight, cause covid. You know, when no one was using the service but they had to keep operating for front line workers... hard to make money when there are no users.
- hogFeast 5y agoSo they were profitable...discounting all the times they lost money.
- cryvate1284 5y agoThe comment you are replying to said "usually" and that was in response to the GP that said "I don't believe the London Underground has ever been profitable." The government did not bail out the London Underground in particular last year but TfL, though I would be surprised if the underground was profitable last year. Anyway, unsure what your comment was adding.