Amtrak Fiscal Year 2022 Summary

Excerpt:  “Demand for Amtrak service returned strongly in the second half of FY22 following last winter’s Omicron wave, with overall ridership reaching about 85% of pre-COVID levels. Northeast Corridor (NEC), State Supported and Long Distance ridership grew 110%, 85% and 56% respectively compared to FY21 ridership. Based on current forecasts, Amtrak expects ridership and revenue to improve above 90% of pre-COVID levels by the end of FY23, bucking the trend of continued lower ridership seen on most commuter railroads and public transit systems. The increase in ridership and revenue helped Amtrak reduce operating losses by $145 million compared to anticipated FY22 levels, setting the stage for improving financial performance for train operations over the years ahead.”