underbank
Established Member
They had got to the stage where the cost of collecting the ridiculously low fares was greater than the income it brought in.
But that was then. Today we have more efficient systems of fare collection. Eg travel cards covering days/weeks, or prepay cards for x number of journeys, or Oyster cards, or tap-your-card systems. What costs is the collection, counting and banking of cash. Today, there's no need for cash to be used at all on buses or trains. Today, there's no reason at all why the costs of collecting even "ridiculously low" fares would be greater than the income.