TfL hit by £100m fall in ad revenue across tube, rail and bus network

Exclusive: record low level of London journeys during Covid crisis drives down commercial income

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Transport for London (TfL) has recorded a 100m plunge in advertising revenue across its network of tube stations, trains and buses after Covid-19 pandemic restrictions kept commuters away from travelling to work.

TfL's advertising estate - which comprises more than 100,000 billboards, posters and panels throughout the capital's tube and rail network, in trains and on buses and shelters - is one of the largest and most valuable in the world.