by Wolf Richter, Wolf Street:

BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.

One thing that has not recovered to anywhere near pre-pandemic levels is ridership on mass-transit systems. Ridership has crept up from the total collapse in the spring of 2020, but has remained far below pre-pandemic levels. This has been the case also at Bay Area Rapid Transit (BART), a sprawling rail system that connects the East Bay via the Transbay Tube to San Francisco and further south to the San Francisco Airport and the northern part of Silicon Valley.