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Hopefully Boardman was misquoted.  Presumably he was referring to operating profit.   As of the end of March 2011 the NEC trains had an operating profit of $4.3 million.  The Acela trains turned in an operating profit that was slightly greater than the operating losses generated by the regional trains. However, the operating results were before interest, depreciation, and ancillary charges.  After these items are allocated, the NEC lost money through March 2011. For FY10 the NEC had an operating profit of $51.5 million.  Again, after accounting for interest, depreciation, and ancillary charges, the NEC as well as all of Amtrak's operations lost money.  Heaps of it!   FY10 interest and depreciation were $659.2 million.  Assuming 75 per cent of it is allocable to the NEC, which appears to be reasonable based on the company's financial statements, the NEC lost $469.9 million in FY10.  If one assumes that only half of the interest and depreciation is allocable to the NEC, it lost $209.2 million.    Technically a business has to cover all of its costs before it can be said to be profitable.  As the auditors point out each year, Amtrak has never covered its costs, except with an infusion of federal government and state government support, and it is unlikely that it ever will to so.
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