December 2024 Performance Report
Amtrak added 357K riders and trimmed its deficit by $8.4 million to close out the year strong.
Key Statistics
| Statistic | Total, Last 12 Months | December Change +/- |
|---|---|---|
| Fare Revenue | $2,518.3 million | Up $46.3 million |
| Total Revenue | $3,694.9 million | Up $47.1 million |
| Operating Expenses | $4,347.8 million | Up $38.7 million |
| Operating Profit (Deficit) | ($652.9 million) | Up $8.4 million |
| Cost Recovery | 84.98% | Up 0.33% |
| Ridership | 33,389,000 | Up 357,000 |
| Passenger Miles | 6,670.9 million | Up 97.7 million |
| Seat Miles | 12,799.5 million | Up 140.9 million |
| Train Miles | 38.7 million | Up 0.1 million |
| Load Factor | 52.12% | Up 0.19% |
| Average Occupancy | 172.37 | Up 2.08 |
| Op. Margin/Passenger Mile | (9.8 cents) | Up 0.3 cents |
Key Notes
-Amtrak's ridership gain was the largest its had since May.
-Both the state-supported and long-distance sectors are now at 95% of 2019 ridership levels. The NEC is at 115% of 2019 levels.
-The NEC gained 187K riders, state-supported routes gained 133K, and long-distance routes gained 37K.
-38 routes gained riders, while just 7 lost riders.
-The Empire South corridor (NYC-Albany) posted a profit again, now at $25.3 million in fare revenue vs $22.8 million in expenses. Even once you add the Maple Leaf/Empire West section in, the entire Empire Corridor is very close to breaking even ($31.0M vs $33.2M).
-State support payments are currently down by $15.7 million through the first 3 months of FY25.
Largest Ridership Gains
Northeast Regional- 170,200
Cascades- 21,400
Borealis- 20,600
Acela- 17,100
Keystone Service- 13,000
Largest Ridership Losses
Hiawatha- 7,100 (Due to the Borealis taking away a daily "Hiawatha")
Hartford Line- 4,200
Carolinian- 1,600
Maple Leaf- 1,400
Palmetto- 1,200