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Happy Fourth, Larry! Well that depends on your definition of Profit. If we put Amtrak on par with, say, Greyhound, then we have to take the infrastructure costs out of the equation, and figure only maintenance and operational expenses. Operationally, it is *alleged* that the NEC trains are mostly profitable or break-even. There is some question on how the Acela books are, and whether or not they've been "cooked". My instinct would be that they have been, as it is a new program and invariable the accounting on a new program is skewed towards "optimistic". However, it is not unreasonable to say that it may be approaching break-even status. In this case, teh scenario would be for the state governments to fund those trains which do not meet the operational costs. Note that Gunn recently conceded the idea that "there needs to be some cost recovery formula" (para) equating that there would be a level of cost recovery which would be fixed, so that any train below that would go, and any above would keep operating. Not the same as profitable or even break-even, but a step forward all the same. Can't wait till October! <g> Alexander who did not start THIS thread- blame Ed!
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