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Only above the rail operating basis. Not as a corporation overall.The Amtrak audited corporate account is as good as any other company's corporate accounts, all of which probably leave something to be desired in detaild disclosures of capital cost allocations to each individual year. There is no reason to believe that there is huge hanky panky there in the Amtrak account. So their overall top and bottom line are probably not too far off.The LD train accounting is a different matter. It has to do with how shared costs are allocated among the several business units incurring those costs and that would have no effect on the overall corporate P&L statement. It is an internal matter of financial gymnastics which possibly could be used in internal strategizing on which BU to favore etc., as is alleged by the afficionados of the LD service, who also hold a fantasy of LD profitability some day near and dear to their hearts, which, if the private railroads had managed to achieve in a hundred years, they would not have dumped passenger service as soon as possible anyway.
Only above the rail operating basis. Not as a corporation overall.
The Amtrak audited corporate account is as good as any other company's corporate accounts, all of which probably leave something to be desired in detaild disclosures of capital cost allocations to each individual year. There is no reason to believe that there is huge hanky panky there in the Amtrak account. So their overall top and bottom line are probably not too far off.
The LD train accounting is a different matter. It has to do with how shared costs are allocated among the several business units incurring those costs and that would have no effect on the overall corporate P&L statement. It is an internal matter of financial gymnastics which possibly could be used in internal strategizing on which BU to favore etc., as is alleged by the afficionados of the LD service, who also hold a fantasy of LD profitability some day near and dear to their hearts, which, if the private railroads had managed to achieve in a hundred years, they would not have dumped passenger service as soon as possible anyway.
