Loading Page...

Why is TfL struggling financially?

TfL lost 95% of its fares income when the pandemic hit, and while passenger numbers on the Tube have recovered to roughly 65% of normal use, the transport body continues to struggle because “many commuters have not returned to a five-day week while there are few international tourists”, said the Standard.



People Also Ask

Total debt (including leases) decreased in the quarter from some small maturities of existing borrowing, which have been refinanced. Our Budget for 2023/24 is to deliver an operating surplus of £79m, demonstrating our achievement of financial sustainability.

MORE DETAILS

If you have been injured while on a Transport for London service and believe negligence is the cause you may be eligible to make a TFL accident claim for compensation. London River Services, London Trams, TFL Rail, London Dial-a-Ride and the Emirates Air Line cable car link across the River Thames.

MORE DETAILS