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The MBTA expects a whopping $231 million loss in revenue this fiscal year due to the #coronavirus pandemic. https://wbur.fm/2JZ8VPP
Most of the MBTA's $231 million shortfall comes from lost fares as ridership has plummeted amid the #coronavirus pandemic.
According to the T's GM, ridership is:
92-94% - commuter rail
92.7% - subways
82% - The RIDE (paratransit)
78% - buses https://wbur.fm/2JZ8VPP
According to the T's GM, ridership is:
92-94% - commuter rail 92.7% - subways 82% - The RIDE (paratransit) 78% - buses https://wbur.fm/2JZ8VPP
"Although ridership is down significantly, there are people who need to use the T and they need to use it on a daily basis ... And our health care workforce is using the T to get to and from work," MBTA GM Steve Poftak says. https://wbur.fm/2JZ8VPP
The MBTA had a 50% fare loss in March and expects a 95% loss in April, May and June.
Fare revenue went from $58 million a month to $3 million during the #coronavirus pandemic, according to MBTA CFO Mary Ann O'Hara. https://wbur.fm/2JZ8VPP
Fare revenue went from $58 million a month to $3 million during the #coronavirus pandemic, according to MBTA CFO Mary Ann O'Hara. https://wbur.fm/2JZ8VPP
"The next few months, we expect ridership levels to level off at low levels, and our fare and own-source revenue will continue to be low," MBTA CFO Mary Ann O'Hara says. https://wbur.fm/2JZ8VPP
