|
|
Article: Pew Analysis Shows Amtrak Lost $32 Per Passenger in 2008.
- Article from:
- Politics & Government Week
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The average loss per passenger on Amtrak's 44 nationwide routes was more than $32 in FY2008, according to analysis released by Pew's Subsidyscope project. This is four times higher than the loss of $8 per passenger, which was calculated using Amtrak's own figures. Further, 41 of Amtrak's 44 lines lost money, between $5 and $462 per passenger depending on the route. Amtrak received $1.3 billion in direct payments from the federal government in FY2008.
Subsidyscope completed its analysis of Amtrak profits and losses by route using publicly available information. Unlike Amtrak's figures, Subsidyscope includes depreciation and overhead when calculating loss or profit ...