Transport for London make £166 million surplus last year - Murky Depths

Transport for London make £166 million surplus last year - Murky Depths

Transport for London ended the last financial year with a £166 million operating surplus despite passenger revenue falling £255 million short of expectations. Rises in other areas helped achieve the surplus with TfL stating all revenue will be reinvested into improvement work. Despite passenger growth being lower than predicated across other forms of transport the Elizabeth line continues to prove extremely popular with journeys five per cent hi…