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A successful passenger service
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<p>In FY10 the Washington to Lynchburg service was the only Amtrak service outside of the NEC that covered its operating costs. The Acela, which is a premier service designed to serve the business community, was the only other Amtrak service to cover its operating costs. If the Acela's wore their share of the NEC depreciation, they probably would be deep in red ink. </p> <p>Whether the Lynchburg service operating margin ($2.1 million) was sufficient to cover any interest, depreciation, and other unallocated charges attributable to it is unknown. The average load factor on the Lynchburg service was 51.4 per cent.</p> <p>The Keystone service, which had an average load factor of 38.9 per cent in FY10, lost $29.6 million before interest, depreciation, and other unallocated charges. The Capitols, with an average load factor of 27.7 per cent, lost $16.1 million before the aforementioned charges.</p> <p>My entire working life was spent in businesses that had to cover all of their costs or go out of business. It is hard for me to understand how one can claim a money losing service, including those that have an operating profit but don't cover their capital costs, as a success. </p>
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