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Even in a Year Marred by Accidents, Amtrak's Losses Shrink

  • $168 million loss in adjusted earnings is a 13% improvement
  • CEO declares it the ‘best performance’ in railroad’s history
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Photographer: Luke Sharrett/Bloomberg

Amtrak’s operating losses narrowed to a new best in its 2018 fiscal year even while the railroad experienced a spate of high-profile accidents and rushed to install new safety equipment ahead of a federal deadline, according a preview of its annual results released by the company.

Amtrak’s adjusted earnings -- its preferred method that excludes depreciation and other expenses -- were an operating loss of $168 million in its year ending Sept. 30, a 13 percent improvement from the previous year, the company said. Revenue grew 2.2 percent to $3.4 billion while ridership held steady at about 31.7 million customer trips.