Transport for London passenger income 2015-2024

London Underground fares are the largest contribution to overall revenue of Transport for London (TfL). The Tube reported a passenger income of 2.5 billion British pounds in the financial year 2023/24, up from 2.2 billion reported a year earlier. Overall, TfL generated revenue worth over five billion British pounds from all the services in the financial year 2023/24. 

Tube transports almost 1.1 billion passengers

Around 1.2 billion passenger journeys were made on the London Underground in 2023/24. Passenger numbers had dropped by 78 percent between 2019/20 and 2020/21, due to the COVID-19 pandemic. In 2023/24 passenger numbers recovered to around 88 percent of pre-pandemic figures. 

London's Transport Strategy

Air quality has become an important topic of discussion for Londoners. With the introduction of the Ultra Low Emission Zone in the city center in 2008, residents and visitors to the capital are encouraged to use public transport, carry out their journeys cycling or on foot or switch to less polluting cars. The zone was expanded to include all London boroughs in August 2023.