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Amtrak's future
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[quote user="HarveyK400"] <p>...Amtrak operates the Acelas as an exploitive premium-fare service with a capacity under 300 passengers. I'm glad they're making money on it, but the Acelas take up space that could move three times as many passengers into Manhattan.</p><p>...I've always wondered how the NEC can be successful with its high costs despite high ridership and the premium fares. Even so, whatever espoused profitability has not brought an investment in catenary modernization. [/quote]</p><p>The NEC, which includes the Acelas, the regional trains, and the special trains, is not profitable. For FY 2007, which is the latest audited fiscal year, the NEC covered its operating expenses and contributed $258.3 million to interest and depreciation. </p><p>A conservative estimate of the interest and depreciation attributable to the NEC is $276.3 million, which means the NEC realized a fully allocated loss of $18 million in FY 2007. This assumes the per cent of interest and depreciation allocated to the NEC is the same as the per cent of NEC revenues to total operating revenues. This is a very conservative estimate and probably under states the loss. If 70 per cent of the interest and depreciation was attributed to the NEC, the loss would have been $128.5 million, and 80 per cent would have resulted in a loss of $183.7 million. </p>
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