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MTR Corp to cut fares by 1.7 per cent starting this summer to help Hong Kong residents ‘ride out tough times’ during Covid-19 pandemic

Hong Kong’s rail operator will cut ticket prices by 1.7 per cent this summer in its first reduction in more than a decade as the economy continues to limp along during the coronavirus pandemic.The MTR Corporation revealed on Monday that the reduction would begin on June 27. It last raised fares by 3.3 per cent in 2019.The company is making the cut despite posting a record deficit of HK$4.8 billion (US$617 milion) in 2020, falling into the red for the first time since going public in October…

Read the original article at South China Morning Post

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