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"Now, suddenly there is this tremendous shortfall that requires a significant fare increase," Mr. Silver said.
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That price comes after the company issued a pretty significant fare reduction for personal rides a month ago.
However, a significant fall in fares income will tighten the squeeze on the underground's finances.
The report says: "To achieve a balanced position in 2013-14 could mean significant fare increases beyond inflation".
The report warns further price rises could be on the cards: "To achieve a balanced position in 2013-14 could mean significant fare increases beyond inflation, re-examination of Translink services and potentially other departmental funded schemes".
As a result, the Massachusetts Bay Transportation Authority has proposed significant fare increases and service reductions, which could deter riders.
The six major airlines increased domestic air fares $5 each way on almost all tickets over the weekend, the most significant fare increase in more than a year.
Mr. Dellaverson said management's offer "strikes a careful balance between the needs of our customers, who are facing significant fare increases as well as possible service reductions, and our workforce".
C1 Air Fares Increased Continental Airlines, American Airlines and US Airways increased most fares by $10 each way, the most significant fare increase since last summer, as fares have hit record lows.
Obviously, the service is pointing this out to illustrate Twitter's important role in the crisis, but most of the rest of the lists are populated by popular, but much less significant, fare.
Roger King, an analyst at CreditSights, said in a report Monday that at current fuel prices and without a significant increase in fares, the airline industry will lose billions of dollars this year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com