Table Of Contents - Chicago Transit Authority

CTA Express Airport Train Service Business Plan
A preliminary estimate of annual revenue and operating and maintenance expenses for the Direct Service
is displayed in Table 16. Upfront capital investment and other corporate expenses such as insurance,
legal, marketing, management labor and benefits, and other general and administrative expenses will
also factor into the airport train service’s annual financial position.
Table 16: Preliminary Estimate of 2010 Revenue and O&M Cost (Direct Service)
(millions, $2006)
Direct Service
($10 Fare)
Passenger Revenues $18.1
Non-Passenger Revenues $0.5
Total Revenues $18.6
Total O&M Costs ($11.7)
Earnings before CAPEX and Other Corp. Exp. $6.9
Note: All O&M cost categories include 5% contingencies.
Assuming the Blue Line Elevated Passing Track Plan is selected, by 2030, total annual revenues for the
Express Service could climb to $92.6 million with annual operating and maintenance and corporate
expenses totaling $42.9 million. After adding interest revenue, a portion of the remaining earnings would
be used to cover depreciation charges and to pay interest expense on substantial capital investments that
were made to upgrade to full Express Service functionality. While net income is projected to be positive
in 2030, losses in the early years of service lead a funding shortfall.
Table 17: 2030 Express Service Financial Estimate
(millions, $2006) 2030
Passenger Revenues $91.1
Non-Passenger Revenues $1.5
Total Revenues $92.6
Total O&M and Corporate Expenses ($42.9)
Income Before Interest and Depreciation $49.7
Interest Revenue $11.0
Depreciation and Interest Expense ($56.9)
Net Income $3.8
Note: All O&M cost categories include 5%.
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