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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]
Similarly, fare evasion was taken seriously. The TA began formally measuring evasion in November 1988. When TA's Fare Abuse Task Force (FATF) was convened in January 1989, evasion was 3.9%. After a 15-cent fare increase to $1.15 in August 1990, a record 231,937 people per day, or 6.9%, did not pay. This continued through 1991. [151]
A fare is the fee paid by a passenger for use of a public transport system: rail, bus, taxi, etc. In the case of air transport, the term airfare is often used. Fare structure is the system set up to determine how much is to be paid by various passengers using a transit vehicle at any given time. A linked trip is a trip from the origin to the ...
Pay as you go ticketing has become possible since the existence of automated fare collection.Fares can be charged automatically from ticket barriers, instead of the earlier form of ticketing, where a prospective passenger must visit a ticket office to buy a ticket, which is valid for a number of specified rides on a specific network / route, or buy a ticket from the conductor on board.
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.
Passenger load factor is an important parameter for the assessment of the performance of any transport system. Almost all transport systems have high fixed costs, and these costs can only be recovered through selling tickets. [2] Airlines often calculate a load factor at which the airline will break even; this is called the break-even load ...
The practice of buying multiple tickets instead of one ticket for a transport itinerary is called split ticketing. [2] Some rail systems or airlines calculate fares based on an individual route's popularity and a host of other factors in addition to mileage. Thus, the total cost of two tickets, from A to P and from P to B, may be less than one ...
4 day rail rover (UK, 1994). A transit pass (North American English) or travel card (British English), often referred to as a bus pass or train pass etc. (in all English dialects), [1] [2] is a ticket that allows a passenger of the service to take either a certain number of pre-purchased trips or unlimited trips within a fixed period of time.