Analysis of the MTA Revenue in Manhattan in Recent Years

Abstract

This essay examines the pattern of the MTA's recent dramatic decline in revenue because of the COVID-19 pandemic. The COVID-19 outbreak has had a significant impact on MTA's annual revenue, hence this article does a thorough economic analysis. The following are the primary conclusions: People in Manhattan started to relocate to and settle in other locations like the suburbs after the COVID-19 breakout in late 2019, 2020, and 2021 when their jobs became online. As a result, the MTA in Manhattan has seen a dramatic decline in revenue. Second, citizens are staying inside during the coronavirus lockdown to prevent contracting the illness, thus the MTA's different modes of transit are being used sparingly. These factors have caused the MTA's annual revenue to drastically decrease throughout the pandemic. In addition, the MTA's revenues have been steadily decreasing in recent years due to the restrictions imposed by social distance and the agency's reliance on government subsidies. This latter piece forecasts MTA's trajectory into the future and offers tactical advice.