Metro Ridership Down, Revenue Lower Than Expected
LANHAM, Md. (CBSDC) — Metro rail fares brought in $20 million less than projected during the fiscal year that ended in June.
Metro mostly blames the fare increase that took effect more than a year ago and changes to the federal transit subsidy, while sequestration is pegged as having a “modest” effect.
Off-peak track work appears to be a deterrent, too. Weekend ridership was down 12 percent. Factor in a much smaller decrease in bus usage, and system-wide ridership dropped by more than 9 million.
Gains from the inauguration and the late-arriving cherry blossoms were cancelled out by other things, one being the closure for Hurricane Sandy.
Still, revenue increased overall because of the fare increase.