Low gasoline prices did not prevent Amtrak from breaking revenue and ridership records fiscal year 2016.
Former Amtrak President Joseph Boardman had earlier this year imposed various cost-cutting measures, saying that Amtrak faced a $167.3-million ticket revenue shortfall compared with the amount originally budgeted.
However, the carrier’s actual performance exceeded the revised downward forecast by 3.3 percent even as it was 4.3 percent off the original FY 2016 projection.
The California Zephyr posted an 11.2 percent increase in ridership and 6.2 percent increase in revenue.
The removal of full-service dining cars and meals included in sleeping car fares on the Silver Star led to a 5 percent decline in passengers and 11.6 percent in ticket revenue.
The Auto Train lost more than 12 percent of its riders and almost 8 percent of its revenue.
Among state-supported corridor trains, a push to complete infrastructure improvements to create higher speed service depressed ridership and revenue of Wolverine Service and Lincoln Service trains due to service cancellations.
The quad-weekly Hoosier State carried about as many passengers in 2016 as it did the previous year, but revenue increased by about $250,000 or 36 percent.
The offering of premium business class service by operator Iowa Pacific was credited with the increase in revenue.
Although Amtrak’s ridership and revenue data do not show passenger mile or revenue per-train mile comparisons, the 15 long-distance trains generated slightly more ticket revenue carrying less than 32 percent of the passengers of the state-supported trains.
This is partly because the long-distance trains offer such higher-price services as sleeping car accommodations.
Tags: Amtrak, Amtrak financial figures, Amtrak long distance trains, Amtrak revenue, Amtrak ridership, Amtrak Wolverine Service, Amtrak's California Zephyr, Amtrak's Lincoln Service, Amtrak's Silver Star, Amtrak's Wolverines, California Zephyr, Hoosier State, Lincoln Service, Wolverine Service