Falling Passenger Numbers Spell Trouble for the Tube

Articles, LondonUnlockedEditorComment

The Underground carried 1 million fewer passengers in January as a result of the downturn, threatening to widen the already-significant funding gap faced by the network:

"...a significant fall in fares income will tighten the squeeze on the underground's finances. One City Hall source said that the passenger decline could herald a fall in revenues for Transport for London, whose budget requires a 7.4% increase in fare income this year as well as a 3.5% increase in passenger journeys. In January the tube carried 81 million passengers - a decline of 1% on the same month last year."

Read the full article from the Guardian here.