Amtrak ridership reportedly craters 92% as the spreading coronavirus eats into travel, potentially upsetting the railroad's plan to turn a profit
Amtrak was running just 14 trains a day in the Northeast Corridor, a steep decline from its usual busy schedule in the densely populated region.The already federally subsidized railroad is now asking Congress for $1 billion to shore up its balance sheet in the face of lost revenue.
Overall ridership fell 92% last week, while a 99% dropoff in Acela bookings forced the railroad to outright cancel the higher speed Northeast Corridor service this week. CEO Richard Anderson broke the news to staff in a conference call Friday,Amtrak did not immediately respond to a request for comment from Business Insider.
Last week, an industry group called on Congress to include Amtrak in any economic stimulus measures it passed to ward off the downturn catalyzed by the coronavirus. Like airlines, softening demand has forced Amtrak to drastically cut service on some of its most lucrative routes.a Senate bill, which initially failed a procedural vote
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