Why isn't the NY subway system making a profit after all of these years? There's no need to build more tunnels, etc. All they have to do is run and maintain the trains.
Truly a ripoff.
Probably has made a profit; but it only gets reported as a “surplus”.
Originally when part of the private sector, the subway was supposed to transport passengers during the day and ship freight at night. There were even Long Island RR electric passenger cars built to IRT dimensions (the MP41) because it was intended to have the Atlantic Avenue line run past Flatbush Avenue into Manhattan on the IRT tracks and serve Nassau County that way, i.e. before Penn Station opened.