LRTA Q1 revenue P349M as rider volumes climb – BusinessWorld Online
THE Light Rail Transit Authority (LRTA), which operates Light Rail Transit Line 2 (LRT-2) said first-quarter revenue rose 9.1% to P349.79 million on passenger volumes rose.
Passenger traffic for the three months to March was 14.35 million, up 7.7% from a year earlier.
LRTA revenue was P349.79 million, marking the second year in which it exceeded the P312.81 million pre-pandemic benchmark in the first quarter of 2019.
For 2025, LRTA is expecting revenue of P1.38 billion.
This year, LRTA expects passenger volume of 57.15 million. If realized, this will surpass its pre-pandemic passenger tally of 56.98 million in 2019.
In 2024, LRTA gross revenue from rail operations was P1.27 billion, up 15.5% and exceeding the target of P1.2 billion. — Ashley Erika O. Jose
