From Progressive Railroading Magazine; October 23, 2020
Amtrak‘s latest projections are that the railroad ended fiscal-year 2020 on Sept. 30 with $1.24 billion in annual ticket-sales revenue, just 53 percent of what it had been in the previous fiscal year, President and Chief Executive Officer William Flynn told a U.S. Senate committee this week.
Flynn on Oct. 21 provided members of the U.S. Senate Committee on Commerce, Science and Transportation an update on the COVID-19 pandemic’s impact on Amtrak’s finances and operations, as well as the railroad’s measures to address the drastic loss in ridership and revenue over the past several months.