$2.75 MetroCard fare costs MTA $4.11, pros say

The price behind the fare reflects the high labor costs — it makes up 66% of the MTA’s operations spending — and its round-the-clock staffing needs, according to Moody’s.Spencer Platt/Getty Images

The price behind the fare reflects the high labor costs — it makes up 66% of the MTA’s operations spending — and its round-the-clock staffing needs, according to Moody’s.

If passengers thought a $ 2.75 swipe of a MetroCard was already high, an MTA ride actually costs $ 4.11, according to Moody’s Investor Services.

The firm said the per-ride operating cost to the MTA was higher than its transit counterparts in London and Paris.

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The price behind the fare reflects the high labor costs — it makes up 66% of the MTA’s operations spending — and its round-the-clock staffing needs, according to Moody’s.

The London and Paris systems, however, don’t have to pay workers’ pensions and benefits, unlike the MTA, the Moody’s analysis noted.

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Nation / World – NY Daily News