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The increased fare beginning March 1 will reduce the off-peak discount on the L.I.R.R. to 27.5percentt.
But Mr. Schaller said that in general, increased fare revenue for drivers had been offset by inflation and by higher lease fees.
Damian Brewer, an analyst at RBC Capital Markets, said: "If it is in line with other recent direct awards, we think that margin is likely to be around 3%." Virgin said the government would also benefit from higher payments from increased fare revenues, if economic growth matches expectations.
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Do increased fares mean better service?
The bus system has not increased fares since 1995.
Major carriers recently increased fares, blaming fuel costs.
Higher Bus Fares Meanwhile, on the ground, Greyhound increased fares 1.5percentt in late January.
Sydney Uber made itself unpopular when it increased fares during the 2014 Sydney hostage crisis last year.
"Ultimately, the customer will end up bearing additional costs through increased fares across the industry.
Sydney Uber made itself unpopular when it increased fares during the Sydney hostage crisis last year.
Should he have left the subsidy as it was and increased fares by less?
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