please empty your brain below

I suspect this would encourage Dangleways to be built along every viable tourist route, considering that most of the other TfL services cost more than they earn.

And I don't think Crossrail would recover from its loss, but instead would reduce profit / generate loss to Tube, Buses and / or Overground.
I don't know how many users of the Bike Hire scheme have annual membership, but for them it costs a lot less than £2 a day - if you use it every day it's less than 25p per day (not per journey!)
The comparisons are a bit misleading as you are comparing day to day operating costs and revenues and ignoring the capital investment costs which are substantial for the underground and trivial for buses. A true profit and loss account would show a very different picture especially with regard to the dangleway
Older people pay nothing on buses, the tube and trains are also free within London for older people.

As buses are used a lot by children who also travel free this may have more of an influence on the costs than the older people. From 11-to 15 years age the youngsters swipe in so their journey is registered. Buses around my area are packed when school comes out.
Average yield - is that including the airlines contribution to the dangleway?

dg writes: " Costs are shown net of sponsorship income"

Advertising income?
How do they split travelcards between bus and tube?
Older people pay nothing when they make a journey, but their Freedom Pass is paid for by the London boroughs, so TfL do get an income from older people.

In addition, those older people also have to be residents of London boroughs so a portion of their Council tax actually funds their pass. Another portion of their Council Tax goes to the Mayor and he passes a portion on to TfL so older people are contributing to their pass in two ways.
"those older people also have to be residents of London boroughs"

If they are over the female state pension age (currently 64-and-a-bit) they can be resident anywhere in England.
Re @RayL's comment, before the twirlies rush to travel free of cost at the point of boarding:

"If you live in London, you can travel free on buses, tubes and other transport when you’re 60, but only within London. The Freedom Pass is accepted all day, every day on the whole of the Underground, Overground and DLR network."

"To be eligible for an older persons Freedom Pass ... your sole or principal residence must be in London. If you are a Non-resident who wishes to travel in London you get free, off-peak travel on local buses only (applies anywhere in England)."

I am reminded of these facts every time I get on a train with my Resident chums!
The Underground requires billions in capital expenditure just to stay open, which isn't categorised as an operating cost, so describing it as making a profit or paying its way is somewhat misleading.
@Patrickov, you have forgotten to multiply the cost or profit per passenger by the actual number of passengers.

"Technically TfL don't make a profit, they pump all the extra back in as investment"
They also spend a lot of money printing posters (propaganda?) informing us of this.
@John- 7:23 a.m.
Kids also get free bus travel until the September after their 18th birthday if they are still in full time (non-uni?) education, with the 16-18 oyster.
Oh Christ... that means that the driverless train lobby will be spouting off about the tube getting even bigger profits because the DLR does and it must therefore be the driver's fault.
@ Patrickov

It is very clear from the TfL Business Plan that Crossrail will earn an operating profit in later years. There is an inevitable step change in costs next year but revenue will lag behind. It is forecast to make £311m operating surplus in 2020/21. This then increases in the following years. The scale of losses in the preceding years declines as revenue builds faster than costs increase. It is worth remembering that TfL will be raking in a considerable slice of revenue from suburban services in West London as they take over from GWR.

Having quickly looked at the numbers in the Budget it seems TfL have pulled back their income and patronage numbers again. This suggests things have got even worse in just the last few weeks since the Business Plan was published. Next year, 2018/19, looks to be particularly bad.
i remember going to a talk after the JLE opened, where the speaker asked whether a light rail / DLR style service would have been more economical ... these figures really back up the point about how much cheaper light rail is to operate.
I find the 50 pound note handy when visiting the UK.
The Eurozone offers an interesting comparison, as 1 cent and 2 cent coins are not in use in Ireland or the Netherlands but they are in Germany. However, in all three countries items are priced down to the last Eurocent, so if you pay electronically you still are using them, if only digitally.
Every small change removal system I've seen has kept pricing down the former smallest coin and a final round on the total if paying cash - its not just the Eurozone countries mentioned above; its done with the Swiss Franc, Danish Krone and Swedish Krona also.
I do like the Shilling idea.

When I lived in New Zealand, the 1 and 2 cent coins had gone (and now the 5 cent coin too), so shops continued to price down to the cent and then used Swedish Rounding to round up *or down*.

I'd get rid of the coppers, although I've convinced my son they're they most valuable and go straight for the piggy bank.
DfT table BUS0402 and BUS0503, would suggest the 65p does include concessionary travel payments from the London Councils.
I think this is partly because the mayor (i.e. TfL) pay for children's free travel, London Councils only for old folks'.
Passengers pay 55p per journey in London, compared to 65p outside London - not a huge difference.
If only the cable car had been built where the garden bridge was proposed and the garden bridge built in east London/not built at all...


Missed opportunities there.
Getting rid of the coppers has been suggested for years, but they are scared that all the shops will round prices UP and there will be a sudden jump in the inflation figures. I discussed this once with friends from Australia who said that when they got rid of the 1c/2c coins the prices were still given in cents, but your *total* shop was rounded to the nearest 5c at the till - and one-cent sweets were available at the checkout for anyone who wanted to swing the result their way!

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