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The farebox recovery ratio is the ratio of fare revenue to total transport expenses for a given system. [1] These two figures can be found in the financial statements of the operators. Oftentimes the operator runs multiple modes of transport (e.g. subway and bus), and there is no data for individual modes (segment analysis).
A basic farebox of circa 1950s manufacture The top of a modern-day farebox. A farebox is a device used to collect fares and tickets on streetcars, trains and buses upon entry, replacing the need for a separate conductor. Nearly all major metropolitan transit agencies in the United States and Canada use a farebox to collect or validate fare payment.
Duncan’s 1973 “Faretronic” farebox was the first to electronically count coins and collect revenue/ridership data by fare class. Keene quickly followed suit, introducing a design meeting Urban Mass Transit Administration (UMTA) Section 15 reporting requirements, also collecting fuel consumption and bus mileage data. [ 10 ]
The new corporate tax revenue and annual fare increases that go into effect starting July 1 would help cover a predicted deficit the agency was facing for fiscal year 2026 of about $1 billion.
In the first fiscal year, covering 1980–81, operating costs were $19.33 million and fare revenue was $7.81 million, resulting in a farebox recovery ratio of 43%. The deficit was covered by a mix of Urban Mass Transportation Act funds ($2 million), contributions from SP ($400,000), and the state and three counties served ($4.56 million each ...
After 2000, due to the dot-com bust, existing revenue sources declined and VTA was forced to cut service and increase fares. VTA introduced a series of fare increases between 1998 and 2005. [ 19 ] VTA's farebox recovery is approximately 13% and the Authority is focused on increasing the ratio.
The CET1 (Standardized) ratio at the end of the fourth quarter of 2024 was 10.9%, down 0.7% from both 4Q23 and 3Q24, mainly due to higher capital return and increased RWA for business growth ...
Specifically, the load factor is the dimensionless ratio of passenger-kilometres travelled to seat-kilometres available. For example, say that on a particular day an airline makes 5 scheduled flights, each of which travels 200 kilometers and has 100 seats, and sells 60 tickets for each flight.