Just priced a CHI to FLG trip on the SW Chief for an early August trip. A bedroom with 2 adults is priced at $2208 ONE way. This pricing is insane. We will not pay those prices for a one overnight trip and will reluctantly fly. IMO, the prices are so high to discourage anyone from buying those fares. Then management could say "see we told you so, no one rides the long distance routes anymore" Then they go back to Congress with a plan to cancel the sleeper service and/or the route. We will wait it out to see if prices drop but at this point Amtrak may leave passengers with little choice than to take alternate transportation. This pricing is higher than first class air. Amtrak is pricing itself out of the LD transportation market.
As someone posted earlier, wait a while. The prices may indeed come down. Amtrak is not going to act like a 1960s era private railroad. The private RRs wanted to dump their passenger rail service altogether because it wasn't profitable enough for them. Even services that paid for themselves didn't make enough to satisfy the greed of the corporate overlords who operate under an imperative to maximize net corporate earnings, minimize "profits," and divert a large part of that money to well-positioned executives and well-connected shareholders. Also, in the 1960's I wouldn't be surprised if some of those running the railroads wanted to get out of the railroad business altogether, they saw no future in that transportation mode But they did see that they owned a lot of valuable real estate in small and large cities across the country, and lots of money could be made in real estate development, if only they could get rid of those pesky noisy, smoky and smelly trains. So, of course, the private RRs in the 1960 pulled all sorts of dastardly stunts to discourage people from riding the trains to justify their discontinuing them. They also pulled stunts to depress freight traffic as well.
But Amtrak is a whole different kind of business from the private RRs. It's owned by the government, and its purpose is to provide passenger rail service. It clearly has political support from Congress, as even when the Trump Administration wanted to zero it out with a Republican Congress, that Republican Congress kept funding it (at inadequate levels, admittedly.) Nobody running Amtrak is going to get rich getting rid of trains and selling the stations to developers. Also, the country has changed, passenger rail is more popular, and Amtrak can actually make money developing the stations with the trains still running out of them. In fact train service is now considered an
amenity for developers. This is the basis of Brightline's entire business model, although it will be interesting to see whether they think operating the train service is lucrative enough for them after they build everything out and make their big $$$$ from the development. For those who think that Amtrak wants to eliminate long distance service, that's probably not going to happen. Congress keeps giving them a line item to continue it. It's an important part of the political deal that ensures continued support in Congress -- the Members from the urban state support long distance trains that benefit mostly rural populations by providing mobility for those who cant or won't drive, and Members from the rural states support funding for corridor service in return. I think that former CEO Anderson's problem was that he didn't understand this essential political calculus, and while he thought, rightly, that Amtrak's main contribution to the nation transportation mix should be corridor service, the long distance trains also have an important role to play in ensuring political support for the corridor service.
If that's the case, then the long-distance trains need the premium sleeper service, and possibly long-distance business class, too, to help support the bottom line of the long distance service. I think the last thing that Amtrak management wants to do is drop that. Of course, the cost of providing the sleeper service can't be so high that Amtrak isn't making any net revenue from it. Given Amtrak's opaque accounting, it's entirely possible that not even Amtrak management knows the true costs of providing premium service. Until we get a better look at the real costs, we don't know for sure whether the fares are inordinately high for the service level offered. Yeah, $1,100 per person for a one way trip from Chicago to Florida is high,, but who knows, there may be enough people willing to pay it to optimize the financial yield for the trains, thus keeping them running.