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Is this any way to run a RR ?
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<p>In FY14 the Auto Train lost $4.3 million or 1.8 cents per passenger mile before depreciation, interest, and miscellaneous charges. It had an average load factor of 72.2 per cent.</p> <p>The long distance trains lost an average of 19.2 cents per passenger mile before depreciation, interst, and miscellaneous charges. Amtrak does not disclose the allocation of depreciation, interest, and miscellaneous charges. However, it is probably fair to say that the loss incurred by the Auto Train, as well is the other long distance trains, is five to ten per cent higher after inclusion of the capital charges. </p> <p>The NEC had an opeating profit of $482.2 million or 25 cents per passenger mile in FY14. The Acelas, which carried 30.4 per cent of the NEC passengers, accounted for 63.9 per cent of the NEC operating profit. The higher fares charged by the Acela is the major reason. </p> <p>If one assumes that the NEC wears 80 per cent of Amtrak's depreciation, interest, etc., the NEC had a fully allocated loss of $96.9 million or approximately 5 cents per passenger mile. This is an educated guess; unfortunately, Amtrak does not allocate depreciaton, interest, etc. by service lines, although it says that it is working on an accounting model to do so. It has been working on the model for years. </p>
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