How much debt is Transport for London in?
In fiscal 2023, TfL's debt (inclusive of finance leases) stood at £15.2 billion and debt to revenues at 1.7x.23 Nov 2023
For the last four years, we have managed to reduce the operating deficit by more than 71%. It went from £1.5 billion to £200 million. We managed to increase the cash balances by more than 16%, which meant that before the pandemic our cash balances were more than £2 billion.
Is the New York subway profitable?
Nobody expects the NYC subway to "break even or even turn a profit." The subway historically recovers less than 50% of its operating expenditures from fares
The Metropolitan Transportation Authority (MTA) today released its preliminary five-year financial plan that shows a balanced budget through 2027. The financial plan reflects updates since the MTA warned of a fiscal cliff heading into 2023, with a projected $600 million deficit.
What is the NYC transit deficit?
Revenues and Expenditures
At the start of 2023, the MTA faced a $600 million budget shortfall for the year with gaps of more than $1 billion in 2024 that could have ballooned to $1.6 billion in 2026.5 Oct 2023
