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The formula takes into account the main factors affecting the cost of operating the public transport system, including the MRT and public buses. [12] Fare increases have caused public concern, but fares have been reduced in 2009, 2010, 2015, 2016 and 2017.
The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system's total fare revenue by its total operating expenses. [1]
Because the rail operators are government-assisted, profit-based corporations, fares on the MRT system are pitched to at least break-even level. [64] [178] The operators collect these fares by selling electronic data-storing tickets, the prices of which are calculated based on the distance between the start and destination stations. [174]
The NEL initially had a higher fare than the North–South and East–West lines due to greater operating costs. [109] On 30 December 2016, however, fares were lowered to match the other lines with a "purely distance-based approach". This revision, made after a fare review by the Public Transport Council, was intended to minimise commuter ...
The Jakarta MRT employs a cashless fare payment system. On 26 March 2019, the Jakarta MRT fares were set. The initial fare is Rp.3,000 as the minimum fare and increases by Rp.1,000 with each passing station. A trip spanning the entire existing line in 2019, travelling from Lebak Bulus Station to Bundaran HI Station, would cost a passenger Rp14,000.
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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.
After two consecutive years of more than 20% gains for the S&P 500 — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark ...