METRO Magazine Logo
MenuMENU
SearchSEARCH

Report: Amtrak Loses $32 Per Passenger

Subsidyscope calculated profits and losses per passenger to determine which routes cost Amtrak the most to operate. Its analysis was based on a 2005 GAO critique of Amtrak's accounting methods, which says the railroad should consider depreciation when calculating profitability.

October 28, 2009
2 min to read


Forty-one of Amtrak's 44 routes lost money in 2008 with losses ranging from nearly $5 to $462 per passenger depending upon the line, according to analysis by Pew's Subsidyscope.

The line with the highest per passenger subsidy - the Sunset Limited, which runs from New Orleans to Los Angeles - carried almost 72,000 passengers last year. The California Zephyr, which runs from Chicago to San Francisco, had the second-highest per passenger subsidy of $193 and carried nearly 353,000 passengers in 2008. Pew's analysis indicates that the average loss per passenger on all 44 of Amtrak's lines was $32, about four times what the loss would be using Amtrak's figures, only $8 per passenger, since it uses a different method for calculating route performance.

Ad Loading...

The Northeast Corridor has the highest passenger volume of any Amtrak route, carrying nearly 10.9 million people in 2008. The corridor's high-speed Acela Express made a profit of about $41 per passenger. But the more heavily utilized Northeast Regional, with more than twice as many riders as the Acela, lost almost $5 per passenger.

Subsidyscope calculated profits and losses per passenger to determine which routes cost Amtrak the most to operate. Its analysis was based on a 2005 Government Accountability Office (GAO) critique of Amtrak's accounting methods, which says the railroad should consider depreciation when calculating profitability. Other capital intensive industries, such as commercial airlines, include depreciation and overhead when looking at route performance.

In October 2008, Congress passed legislation reauthorizing Amtrak for an average of $1.5 billion a year for five years. The Passenger Rail Investment and Improvement Act requires that the railroad provide metrics for measuring all long-distance routes and find ways to improve the financial performance of those routes. Amtrak officials say they are considering options to make the Sunset Limited less costly.

Amtrak lost $1.1 billion last year, but says that only $236 million of this should be attributed to its core business lines, such as the Northeast Corridor. The remainder, it asserts, should be associated with ancillary businesses, depreciation and other direct costs, such as fuel and power, locomotive maintenance and call centers.

Amtrak's ancillary businesses include contracted operator services to commuter trains around the country, such as the MARC in Maryland and Caltrain in California, many of which are buttressed through state and local funding sources. The ancillary businesses are actually a source of profit for Amtrak, bringing in $93.7 million in 2008.

More Rail

A man sits in a passenger rail seat and looks at his phone.
Railby Elora HaynesJune 8, 2026

The Invisible Infrastructure of Passenger Flow

What a seat reservation system on Austria’s Railjet trains reveals about the future of rider experience, and why U.S. agencies should pay attention.

Read More →
Aerial view of Caltrain's electric service.
Railby StaffJune 5, 2026

Caltrain Board Approves FY27 Budget, Endorses Efficiency Measures

The move ensures Caltrain service will continue operating as usual in the near term, but long-term financial challenges remain for the rail agency absent a new revenue source.

Read More →
Alstom purchasing site for Acela network manufacturing
Railby StaffJune 4, 2026

Alstom Acquires Delaware Site to Support Amtrak NextGen Acela Fleet

The company is investing more than $55 million to acquire and improve the property and will employ approximately 100 people at this site once it is operational.

Read More →
Ad Loading...
World Cup Crowds Will Test Transit Systems
ManagementJune 3, 2026

When Routine Fails: How Public Transit Must Adapt for the World Cup

The 2026 FIFA World Cup will test transit agencies’ ability to manage unpredictable travel patterns, making real-time data and operational flexibility critical to moving millions of visitors efficiently.

Read More →
A rendering of a California High-Speed Rail vehicle
Railby StaffJune 2, 2026

California Selects Team for Nation’s First True High-Speed Rail Track and Systems Contract

The board action follows completion of track installation at the 150-acre southern railhead in Kern County, which will serve as the staging and distribution hub for high-speed track and systems installation.

Read More →
Sound Transit Sounder train
Railby StaffJune 2, 2026

Seattle's Sound Transit Launches New Sounder Railcars into Service

Alstom manufactured all the cars under a $46.5 million contract and came into service in anticipation of summer crowds for soccer and baseball.

Read More →
Ad Loading...
Railby StaffJune 2, 2026

Alstom Partners With Universities to Build Rail Talent Pipeline

The partnerships include a new engineering scholarship fund at Alfred State College in Western New York and collaborations with transportation centers at the University of Pennsylvania and New York University.

Read More →
Managementby StaffJune 1, 2026

Chicago's NITA Act Moves Into Next Phase as Service Improvements Begin

Rider-focused improvements will begin rolling out across the system immediately as CTA, Metra, and Pace increase service this summer in the six-county region.

Read More →
Managementby StaffMay 29, 2026

Seattle’s Sound Transit Adopts Updated ST3 System Plan

The updated system plan incorporates cost savings across the agency, including new revenue sources and financial policies, to set the agency on a sustainable path for the future.

Read More →
Ad Loading...
An EMBARK bus going down the street.
Managementby Alex RomanMay 28, 2026

Inside Look: EMBARK Expands Fare-Free Transit Program Through New Public-Private Partnership

The OKC transit agency says sponsorship helps subsidize the Third Friday Free initiative while reducing barriers for first-time riders and boosting ridership across buses, streetcars, and river cruises.

Read More →