TfL fares income down £90M due to fewer passenger journeys

Transport for London has revealed its fares income is down £90million in the year-to-date, raising serious questions about the Mayor’s ability to balance the books. Figures released at the February TfL board meeting show income shortfalls across all forms of transport; – Overall fares income down £90million due to lower passenger volumes – London Underground down £43million due to 14 million fewer passenger journeys than…

False fares freeze: Commuters paying for Mayor’s broken promise

– Fares to increase almost two per cent despite Sadiq Khan’s election pledge Commuters are paying for the Mayor of London’s broken promise to freeze fares for all Londoners until 2020, says Keith Prince AM. Fares have increased by 1.9 per cent in January, despite Sadiq Khan promising last year that ‘Londoners won’t pay a penny more in 2020 than they do today’. Keith Prince,…

Khan breaks flagship fare freeze promise

Just four weeks after the election the Mayor’s flagship policy has been thrown out of the window. By raising Travelcard prices by inflation and breaking his biggest promise he is turning his back on those who showed faith in him. Hundreds of thousands of commuting Londoners use Travelcards, and thus will never see this freeze. We’ve already seen Sadiq Khan row back on six of…

£136M in public transport sponsorship deals could freeze fares for a year

Zone 1-6 travelcard holder about £90 better off A package of sponsorship deals across London’s public transport could raise the £136 million¹ required to completely freeze passenger fares for a year – leaving a zone 1-6 travelcard holder an estimated £90² better off. Alternatively, passenger fares could be capped at inflation for the next three years if TfL could raise £204 million³ through sponsorship. A…