Amtrak LD trains operations and results

[danasgoodstuff]

Analysis: Amtrak fiscal 2021 results favor longer routes - Trains according to this Long Distance Amtrak trains are at least doing less badly than the rest of the system over the last year or so.

 

[mlanoue]

Looking at the chart in the article, I see that revenue is up 12% on the Auto train, but ridership is still down 16%. Did they really raise their prices that much?

In any event--yes--the Long Distance, or national , or whatever routes definitely seemed to bounce back a little bit better than the rest of the system. So, that's good. Thanks for sharing!

 

[danasgoodstuff]

Looking at the chart in the article, I see that revenue is up 12% on the Auto train, but ridership is still down 16%. Did they really raise their prices that much?

In any event--yes--the Long Distance, or national , or whatever routes definitely seemed to bounce back a little bit better than the rest of the system. So, that's good. Thanks for sharing!

Maybe the Auto Train also managed to cut costs?

 

[Cal]

Looking at the chart in the article, I see that revenue is up 12% on the Auto train, but ridership is still down 16%. Did they really raise their prices that much?

What are the stats for the other LD trains?

 

[87YJ]

Interesting report, caught it on TO.

 

[danasgoodstuff]

What are the stats for the other LD trains?

Down, but not as badly a other sectors.

 

[me_little_me]

Down, but not as badly a other sectors.

Considering Amtrak removed half the cars on the trains, cut the dining and the amenities, and made prices so high, one would expect revenues to be down. But Amtrak would be satisfied with no trains, no revenues, no service but no loss. That's how they view their business.

 

[Amtrakfflyer]

I don’t think it’s new “news” to anyone. The network trains have continuely shown the best results in the system during the covid era. It’s infuriating that these trains are still (purposely) being held back from their full potential.

 

[Trogdor]

Maybe the Auto Train also managed to cut costs?

Possible, but that wouldn’t be relevant to revenue, which is only the money taken in from sales to customers.

 

[Exvalley]

I wonder how much they reduced their advertising budget. My company has slashed its advertising budget because demand is so high right now that we simply don't need to advertise.

 

[GoAmtrak]

Analysis: Amtrak fiscal 2021 results favor longer routes - Trains according to this Long Distance Amtrak trains are at least doing less badly than the rest of the system over the last year or so.

I have a question concerning the Amtrak fiscal year. I once read the Amtrak fiscal year starts in October and ends in September. So, for example if I take Amtrak from Chicago to Milwaukee on October 20 2022, it counts for the 2023 fiscal year? And if I take it on September 2022 it counts for the 2022 fiscal year? Can somebody confirm or deny that? I'm just curious, I'm not used to fiscal years and stuff like that.

 

[user 14106]

Looking at the chart in the article, I see that revenue is up 12% on the Auto train, but ridership is still down 16%. Did they really raise their prices that much?

They are really trying to emphasize selling rooms on the Auto train with their sales and promotional strategy as opposed to coach. With this strategy on the auto train they have actually shown that sleepers can cross subsidize lower coach fares. So I am not surprised to see higher revenue but lower ridership. They are selling more sleeper rooms but running the train with less coach cars so overall less ridership.

 

[NES28]

I have a question concerning the Amtrak fiscal year. I once read the Amtrak fiscal year starts in October and ends in September. So, for example if I take Amtrak from Chicago to Milwaukee on October 20 2022, it counts for the 2023 fiscal year? And if I take it on September 2022 it counts for the 2022 fiscal year? Can somebody confirm or deny that? I'm just curious, I'm not used to fiscal years and stuff like that.

Yes, that is correct. It's the same calendar that the rest of the Federal government uses.

 

[jis]

I have a question concerning the Amtrak fiscal year. I once read the Amtrak fiscal year starts in October and ends in September. So, for example if I take Amtrak from Chicago to Milwaukee on October 20 2022, it counts for the 2023 fiscal year? And if I take it on September 2022 it counts for the 2022 fiscal year? Can somebody confirm or deny that? I'm just curious, I'm not used to fiscal years and stuff like that.

Quoting from Wikipedia:

In the United States, the federal government's fiscal year is the 12-month period beginning 1 October and ending 30 September the following year. The identification of a fiscal year is the calendar year in which it ends; thus, the current fiscal year is 2022, often written as "FY2022" or "FY22", which began on 1 October 2021 and will end on 30 September 2022.

Amtrak follows the Federal Fiscal Year.