The problem with urban transport systems is that no one sees them for what they really are... an expensive thing that drives the economy. There seems to be an obsession in the west with making public transport pay for itself, but the reality is that a few billion invested in better public transport results in a lot more billions being made elsewhere. We need to get away from this idea that public transport systems ne…
Nobody expects the NYC subway to "break even or even turn a profit." The subway historically recovers less than 50% of its operating expenditures from fares, compared to 70% for Berlin, 88% for Amsterdam, and over 100% in Tokyo, Taipei, Hong Kong, and Singapore: https://en.wikipedia.org/wiki/Farebox_recovery_ratio . MTA is broke because it costs several times as much for MTA to do anything compared to its counterpart…
Osaka (OMTB) 137%, Hong Kong MTR 124%, Osaka (Hankyu Railway) 123%, Tokyo Metro 119%, London Underground 107%, Singapore (SMRT) 101%, Taipei Metro 100%.
Clearly it is possible to have profitable subways, so I don't think we should drop profitability as a goal.