Amtrak reports record revenue, ridership, but still in red

NEWARK, N.J. (AP) — Amtrak is reporting record ridership and revenue figures for the fiscal year that ended Sept. 30.

The government-owned passenger railroad said Friday it provided 32.5 million passenger trips. That’s an increase of about 800,000 over the previous fiscal year.

Ridership numbers were affected the last two years by summer repair work at New York’s Penn Station that forced some service cutbacks.

Total operating revenue rose more than 3 percent to $3.3 billion with an operating loss of just under $30 million. That’s the smallest loss in the heavily subsidized railroad’s 48-year history. Amtrak reported an operating loss of about $170 million in 2018.

Officials said they expect to break even by the end of the next fiscal year. Last year, they had projected eliminating operating losses by 2021.

___

This story has been corrected to show the railroad is 48 years old, not 49.

Associated Press

Associated Press

TOP STORIES

KBJR 6 Weather Authority

Ashland
23°
Hayward
24°
Superior
20°
Hibbing
16°
International Falls
11°
Grand Marais
12°
Ironwood
25°
Siren
23°
Solon Springs
21°
Munising
33°
Brainerd
26°
Bemidji
Aitkin
Silver Bay
Cloquet
18°
Cook
12°
Ely
12°
Grand Rapids
14°
Mora
27°
Moose Lake
18°
Orr
14°
Two Harbors
19°
Hinckley
25°
Connect with KBJR 6
Top Stories
10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. OUSTED AMBASSADOR TO TESTIFY IN IMPEACHMENT PROBE

Read More »
Scroll to top
Skip to content