Widespread Rejection of Peak-Hour Fare Increases: How Will Transjakarta's Net Profit Be Affected?

Transportation & Logistics

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Erlina Fury Santika 12/04/2023 20:25 WIB

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Transjakarta is proposing fare increases during peak hours. This policy is facing significant opposition, primarily from working-class citizens. What, to date, are Transjakarta's profits?

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Widespread Rejection of Peak-Hour Fare Increases: How Will Transjakarta's Net Profit Be Affected?

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Transjakarta Net Profit (2017-2021)

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PT Transportasi Jakarta (Transjakarta) has proposed a fare increase. The proposal originated from the Jakarta City Transportation Council (DTKJ) on Monday, April 11, 2023.

A fare increase of Rp4,000 and Rp5,000 during peak hours (7:01 AM - 10:00 AM and 4:01 PM - 9:00 PM) is being proposed. Currently, the Transjakarta fare is Rp3,500 per trip.

The proposal was publicly released, and the public could participate in a survey by scanning a QR code and link provided on Transjakarta's social media accounts, as reported by Liputan6.com.

However, the proposal has been met with widespread public rejection, particularly from the working class. On Twitter, people criticized the increase, citing the insufficient number of operating Transjakarta buses and inadequate bus stop facilities.

(Read also: Transjakarta Faces Corruption Allegations, Revenue Plummets Since Pandemic)

So, what are Transjakarta's actual profits?

According to its financial reports, Transjakarta served nearly 340,000 passengers daily in 2021. This number is estimated to have increased after the Covid-19 pandemic subsided and public mobility improved.

Transjakarta's net profit for the year 2021 reached Rp270 billion. This is a decrease from 2020, when net profit reached Rp378 billion.

In 2019, its profit reached Rp458 billion, the highest in the last five years.

In 2018, Transjakarta's profit reached Rp403 billion. In 2017, its net profit was Rp262 billion.

(Read also: These are the Transjakarta Bus Routes with the Highest Number of Passengers in 2021)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Widespread Rejection of Peak-Hour Fare Increases: How Will Transjakarta's Net Profit Be Affected?

Widespread Rejection of Peak-Hour Fare Increases: How Will Transjakarta's Net Profit Be Affected?

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