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Between FY10 and FY14 the number of Amtrak's passengers increased from 28.7 million to 30.9 million or 7.7 per cent.  This was before an accounting adjustment, which had a minor impact on the overall numbers. It was not material enough to require a restatement of the financials prior to FY13.  In FY04 Amtrak carried approximately 23 million passengers vs. 30.9 million in FY14 or an increase of 34 per cent.   The number of NEC passengers in FY14 grew by 12.2 per cent compared to FY10, whilst the number of passengers on the state supported trains increased 6.2 per cent, and those on the long distance trains increased 1.5 per cent.   The increase in the number of passengers carried by Amtrak is only one indicator.  Amtrak could have increased the number of passengers (people) carried even more by going for market share, i.e. sell the space at bargain basement rates, and forget about the bottom line. Between FY10 and FY14 the average ticket price per passenger increased 18.2 per cent whilst the average cost per passenger increased 5.6 per cent. Equally important, over the same period the net loss in nominal dollars declined by 21.8 per cent or 14.9 per cent after adjustment for inflation.   Amtrak does not appear to be buying riders, especially in the corridors, by giving the store away.
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