Why May Mass Transit Never Recover From Coronavirus?

Bloomberg (04/17/2020)
  • Problem – US transit systems (eg metro, bus, etc), already suffering from years of declining ridership, are facing financial catastrophe as coronavirus shutdowns have reduced revenues by 70-80%.
  • Losses – New York’s MTA estimates that its currently losing $142 million per week due to shutdowns.
  • Post- Crisis – Ridership may be slow to recover as people seek to avoid large groups.
  • Loyalty – 2.8 million essential workers make up 36% of America’s public transit riders.