Transport for LondonOperational performance
Skip to navigationFares on the London Underground and busnetwork, including revenue in respect of free travel for older and disabled people, continued to be TfL'smain source of revenue, making up 82 per cent ofall revenue generated in 2005/06. The continued high levels of passenger demand across the network, together with fare increases, resulted in a 5 per cent increase in fares revenue on the Tube to £1,297m, and an 8 per cent increase in fares revenue on the bus network to £941m.
Revenue breakdown (2005/06)
Revenue by mode (£m)
The overall level of fares was increased in January 2006 in line with the Mayor's funding strategy and TfL's Business Plan. Fares were increased by around 4 per cent (RPI + 1 per cent) on the Underground and around 13 per cent (RPI + 10 per cent) on London buses.
The package of fare changes made, combined with marketing and operational improvements, have had the intended effect of reducing single/return ticket sales for use on the Underground by over 50 per cent and reducing cash ticket sales on buses to
5.6 per cent of journeys by the end of 2005/06. Fares revenue on the DLR for 2005/06 was £48m. Of this, however, around £33m is collected by the franchise operator that manages the DLR network. The remaining £15m collected by TfL, which relates to the Lewisham extension, was up 19 per cent on the previous year and reflected increased passenger demand for the service.
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