U.S. passenger railroad reports $801 million loss
WASHINGTON (Reuters) - U.S. passenger railroad Amtrak said on Monday it lost $801.1 million in the year ending Sept. 30 as revenue and passenger traffic fell sharply because of the coronavirus pandemic.
Amtrak is seeking nearly $2.9 billion in additional government assistance this year to avert more job and service cuts after winning a $1 billion U.S. bailout in April.
Amtrak said Monday operating revenue fell 32% to $2.3 billion over 2019 levels and ridership remains at about 25% of pre-COVID-19 levels.
This article originally appeared on Reuters