In need of $1 billion, Amtrak cuts management pay as it faces 'unprecedented' ridership loss

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Bob

Forum Host
Staff member
In need of about $1 billion in supplemental funding to battle an "unprecedented" drop in ridership, Amtrak has now taken "aggressive" steps to cut the pay of top staff and other measures, the company confirmed Saturday.

Daily ridership is down 90% systemwide while future bookings are down 85% year-over-year, according to Amtrak.

"Amtrak and our state partners estimate we need approximately $1billion in supplemental funding through the remainder of the year to make up for the unprecedented loss of ridership and revenue and to minimize employee and service impacts," an Amtrak spokesperson said in a statement.

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Bill Anderson

Well-Known Member
If Congress is going to offer aid to the airline industry to help it get through the economic downturn caused by the Covid-19 pandemic, it should do the same for Amtrak.
 


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