Sorry if this has been talked about already. http://www.tfl.gov.uk/info-for/media/press-releases/2015/fares Many of us have seen it - TfL have recently been putting posters up stating this everywhere and seem to plug this whenever they can. Yes they don't make a profit, but they conveniently omit that many of their services (Overground, TfL Rail, DLR, Buses) are contracted to private companies. Now, most in London know that buses are private sector operated, but on LO and the DLR you would have no idea without some research. In fact many believe London Overground is a nationalised service. I get a feeling that to get more support for TfL to take over more rail services, TfL are suggesting that zero profit is made from fares, playing on the annoyance from the public of the "big profits" rail operators earn. I'm sure MTR, Serco, DB and the various bus operators wouldn't be running services for nothing. I could be wrong, but after the Southeastern attack and the us and them approach to branding, don't think I am.