Transit carried 66.4 percent as many riders in January 2023 as January 2019, according to data released by the Federal Transit Administration earlier this week. Though this is a slight improvement from the 66.0 percent of December 2022, the total number of January riders was lower than December’s. This is unusual: normally, January sees more riders than December. January 2023 had one fewer working day than January 2019, which may have contributed to the decline in ridership from December.
Transit ridership has hovered around 66 percent of pre-pandemic (2019) numbers for the last five months, suggesting it may not grow much further. Early in the pandemic, I predicted that ridership would never recover to more than 75 percent of pre-pandemic levels, which I later revised downwards to 70 percent (a projection supported by McKinsey). That’s looking to be slightly too high. Continue reading
