Amtrak Ridership Breaking Records

Progressive Railroading:  "Amtrak broke ticket revenue and ridership records and posted its lowest operating loss ever in fiscal-year 2016, according to unaudited results."Passengers-Boarding_80005722.jpg

"The railroad posted a record $2.14 billion in ticket revenue in FY2016, a $12 million increase over FY2015, Amtrak announced yesterday in a press release. All results have yet to be audited."

"The revenue increase was fueled by a record 31.3 million passengers, up nearly 400,000 passengers over the previous fiscal year. FY2016, which ended Sept. 30, was the sixth consecutive year that Amtrak's annual ridership surpassed 30 million passengers, Amtrak officials noted."

"Total revenue was a record $3.2 billion. The railroad posted an operating loss of $227 million, down $78 million from FY2015, and the lowest operating loss since 1973."

"Amtrak covered 94 percent of operating costs with ticket sales and other revenue, up from 92 percent in FY2015. In addition, the railroad made a net reduction in long-term debt of $71.4 million."

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