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Market Watch

New York City subway ridership rebounding after drop due to omicron

MTA says ridership topped 3 million again for three days last week

Editor 1 min read
New York City subway ridership rebounding after drop due to omicron

From the Equity Insider archive. This article dates from Feb 13, 2022 and is preserved as first published.

MTA says ridership topped 3 million again for three days last week

NEW YORK — Transit officials in New York are hoping a recent uptick in subway ridership is a sign that the city is bouncing back from the omicron surge.

NEW YORK — Transit officials in New York are hoping a recent uptick in subway ridership is a sign that the city is bouncing back from the omicron surge.

The Metropolitan Transportation Authority reported subway ridership topped 3 million for three days in a row last week. It was the first time that had happened since the omicron wave hit New York in mid-December.

Weekday ridership regularly topped 5.5 million before COVID-19, but it cratered during the height of the pandemic in 2020 and fell as much as 95%. Riders gradually returned during 2021 and ridership regularly surpassed 3 million beginning in late September, until omicron hit in December.

The MTA has projected the residual effect of the pandemic ridership decreases will produce a $1.4 billion operating deficit by 2025, despite billions in aid from the federal government. The authority projects ridership will still lag pre-pandemic levels by 10% to 20% by the end of 2024.

The MTA recently introduced fare discounts to try to attract more riders, including a program in which users of a contactless payment system get free rides on subways or buses after they reach 12 rides in a week.

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