Greek Urban Rail Transit’s outlook is gloomy as it closes yet another year with losses, due in large part to fare evasion.

 
Based on its 2017 budget, Greek Urban Transit (STASY) forecasts that its deficit will be 61 million Euros, which if confirmed, would mean the company’s second consecutive year operating at a loss.

 
According to the company’s forecast, its total operating income is expected to reach 126.2 million Euros, even though its overall costs will be 187.3 million Euros.

 
Notably, the company expects losses of 32,5 million euros in 2016 as well, even though its budget of anticipated profitability had been predicted at 2,5 million Euros.

 
Fare evasion is believed to have played a crucial role in Greek Urban Rail Transit’s current financial plight.