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Amtrak's OIG faults equipment procurement.
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<p>"A long Distance route that has blossomed is the Eagle which was almost slated for cancellation before local marketing."</p> <p>In FY12 the Texas Eagle's ridership increased by 12.8 per cent. Revenues increased 7.5 per cent. Sleeping car ridership increased 8.0 per cent and sleeping car revenues increased 5.2 per cent. One possible explanation for the variance between the increase in ridership and the increase in revenues is that the Eagle is not harvesting as much revenue as the market could bear.</p> <p>In FY12 the Eagle lost $34.5 million or 18.1 cents per passenger mile before depreciation, interest, and miscellaneous charges. In FY11 the losses were $30.1 million and 16.9 cents per passenger mile.</p> <p>I find it difficult to reconcile the Eajgle's marketing successes with its deepening financial losses. </p>
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