GeorgeF wrote:Although the Congressional limitation on sleeper and diner finances is still in effect, the NARP newsletter for December, 2006 has an interesting quote. Amtrak Chariman David Laney addressed the NARP board in October. From the newsletter: "He is encouraged by early results from Empire Builder enhancements: 'to the extent there is demand enough, we will add capacity' whether coach or sleeper'." Additionally, " 'I think we are going to end up trying' similar enhancements elsewhere".
GeorgeF brought up the above statement in the thread
Amtrak Amentity Curtailments, and I thought I'd share some numbers regarding the Empire Builder, now that its enhanced on-board amenities are a year old (and we have full FY06 numbers to compare with full FY05).
Ridership:
FY06: 497,020
FY05: 476,531
change: up 4.3%
Revenue:
FY06: $48,695,783
FY05: $42,131,747
change: up 15.6%
Revenue per passenger:
FY06: $97.98
FY05: $88.41
change: up 9.8%
Sleeper Ridership:
FY06: 81,568
% of total: 16.4%
FY05: 78,164
% of total: 16.4%
change: 4.2%
Sleeper Revenue:
FY06: $20,620,017
% of total: 42.3%
FY05: $17,127,536
% of total: 40.7%
change: 17.1%
Route Performance Metrics:
FY06:
Total Revenue: $54.0M
Direct Labor: $26.8M
Other Direct Costs: $40.1M
Loss after Avoidable Costs (Labor + Direct Costs): ($12.9M)
FY05:
Total Revenue: $46.3M
Direct Labor: $25.3M
Other Direct Costs: $36.6
Loss after Avoidable Costs (Labor + Direct Costs): ($15.7M)
Comparison:
Revenue: up $7.7M (14.3%)
Labor Expense: up $1.5M (6.6%)
Other Direct Costs: up $3.5M (8.6%)
Loss: down $2.8M (17.8%)
CONCLUSION:
The Empire Builder is growing passenger count, but hardly at the rate of increase for certain other trains (i.e. Silver Star, Cardinal, Palmetto). However of the transcontinential trains, it was the fastest growing of the two that experienced ridership growth (the Southwest Chief had an increase of 1.7%, and the California Zephyr, Sunset Limited and Texas Eagle all had ridership drops.)
The Empire Builder is also growing revenue, and trails only the Auto-Train in total revenue earned. It is third in revenue growth, beat only by the Palmetto and Cardinal.
Sleeper usage is flat; although it increased, it increased in line with total ridership. Percentage of sleeper passengers to total passengers is the same both years. However sleeper revenue is up, likely associated to higher fares.
Revenue per passenger is up by close to $10.00. Because Amtrak doesn't provide passenger-mile numbers on a train-line basis, there is no way to provide revenue-per-mile, which Amtrak does measure systemwide.
RPS shows that costs (labor and direct costs) are both going up; however the rate of revenue increases is outpacing the rate of cost increases. This resulted in a net loss that is lower in FY06 compared to FY05, but still just under $13M. That resulted in a loss of $25.95 per passenger - again, there is no way to provide loss per seat-mile or passenger mile since those statistics are not available.
Stay tuned to next year, when we'll compare the Coast Starlight before and after the Pacific Parlour Car experiment...