amtrak key facts summary november 12, 2007
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Amtrak Gov’t AffairsOctober 19, 2007
Amtrak
Key Facts Summary
November 12, 2007
Amtrak Gov’t AffairsOctober 19, 2007
Basic Amtrak Facts
• Serves 21,100 route-miles in 46 states, serving 525 stations
• FY 07 ridership was 25.8 million, up 6.4% from FY 06
• FY 07 ticket revenues were $1.519 billion, up 10.8% from FY 06
• FY 07 systemwide on-time performance was 68.6% - a 0.8% increase- Acela OTP was 87.8%
- Regional OTP was 78.0%
Amtrak Gov’t AffairsOctober 19, 2007
Basic NEC Facts
• Extends 457 miles between Washington, DC and Boston
• Amtrak owns 363 route-miles (1,219 track miles) of the Corridor
– Metro North owns and operates 56 miles of the NEC north of New York City
– Massachusetts owns the last 38 miles to Boston, but Amtrak maintains and operates it
• Corridor hosts 1,900 trains per day– 1,700 commuter trains per day
– 158 Amtrak trains per day
– About 50 freights
– 1,200 daily movements into and out of Penn Station in New York
Amtrak Gov’t AffairsOctober 19, 2007
Top Ten Corridors
Corridor Ridership Length Change from FY06 Frequencies
NEC 10,035,012 457 mi +6.4% 158
Surfliner 2,707,188 128 mi +1.9% 25(SD-SLO)
Capitol 1,450,069 133 mi +14.8% 32 (SJ-Sacramento)
Keystone 988,454 104 mi +20.1% 29
Empire 957,583 141 mi +4.3% 24
San Joaquin 804,785 318 mi +0.6% 12
Cascades 674,153 187 mi +7.4% 12
Hiawatha 595,336 86 mi +2.6% 14
Wolverine 449,107 281 mi +2.4% 8
Chicago-St Louis 408,807 187 mi +55.8% 10
Green highlight indicates corridor is also one of the ten fastest-growing corridorsFrequency indicates approximate daily schedule (based on timetable and A Report)
Amtrak Gov’t AffairsOctober 19, 2007
Corridor Change from FY06 Length Ridership Frequency
Chicago-Carbondale +67.4% 310mi 228,695 6
Chicago-St. Louis +55.8% 284mi 408,807 10
Chicago-Quincy +41.4% 258mi 169,258 6
Chicago-Indianapolis +31.1% 196mi 26,347 2
Keystone +20.1% 104mi 988,454 29
Vermonter +16.6% 611mi 63,299 2
Capitol Corridor +14.8% 120mi 1,450,069 32
Adirondack +7.5% 381mi 101,097 2
Cascades +7.4% 467mi 674,153 12
Downeaster +7.0% 116 mi 361,634 8
Top Ten Corridors by Growth
Green highlight indicates increases in service frequency - frequencies include long distance trains,where appropriate
Amtrak Gov’t AffairsOctober 19, 2007
September FY07 Actuals
Ticket Revenues ($ millions)
Period
Sep FY07
Sep FY06Budget
Variance
vs. Sep FY06 +$5.4 +17.9% +$2.9 +8.9% +$8.4 +13.3% +$1.0 +3.7% +$2.3 +10.4% +$11.7 +10.4%vs. Budget +$4.4 +13.9% +$2.6 +7.8% +$7.0 +10.9% -$0.2 -0.6% -$1.6 -6.1% +$5.2 +4.4%
Ridership (millions)
Period
Sep FY07
Sep FY06Budget
Variance
vs. Sep FY06 +0.03 +12.3% +0.03 +5.0% +0.06 +7.3% +0.01 +4.3% +0.09 +10.7% +0.16 +8.4%vs. Budget +0.02 +7.3% +0.01 +1.5% +0.03 +3.4% +0.04 +15.6% +0.01 +0.5% +0.07 +3.5%
1.940.26 0.57 0.82 0.25 0.95 2.03
0.280.24 0.55 0.79 0.87
$124.4
$112.8
0.27 0.57 0.85 0.96 2.10
$28.6
Long Distance
0.29
Other Corridors
Amtrak Total
$28.4$35.8
$30.3
Long Distance
$24.5
$22.2$26.1
Other Corridors
Acela RegionalsNEC (Spine)
Total
Acela RegionalsNEC (Spine)
Total
$27.4
Amtrak Total
$31.4
$35.6
$32.7$33.0
$71.5
$63.1$64.5 $119.2
Amtrak Gov’t AffairsOctober 19, 2007
• Regional ridership was +5% vs last year and +2% vs Budget. Regional ticket revenues were +9% vs last year and +8% vs Budget. Despite increased competition from some low-cost airlines (jetBlue, Southwest), Regionals continue to grow based on 1) a good service/value proposition; 2) diverted car trips; and 3) diverted air trips from legacy carriers;
• September 07 long distance ticket revenues were +4% vs FY06 and -1% vs Budget. Ridership and ticket revenues on most long distance trains exceeded FY06 levels;
• Ridership on other corridor trains was +11% vs FY06 and +1% vs Budget. Ticket revenues were +10% vs FY06, but -6% vs Budget. Poor on-time performance – evidenced by weak CSI scores – combined with higher Amtrak fares and declining gas prices may be limiting growth opportunities.
September FY07 Ridership & Ticket Revenues Actuals• Systemwide ticket revenues for September FY07 were $124.4 million (+10% vs last year and +4% vs Budget) on the
strength of the NEC. Total ridership in September was 2.1 million trips (+8% vs last year and +4% vs Budget);
• Acela ticket revenues in September were +18% vs FY06 and +14% vs Budget. Ridership was +12% vs FY06 and +7% vs Budget. Acela continues to benefit from faster run-times, more northend departures, improved OTP, and poor air competition…
Acela % ChangeRidership Ticket Revenues
FY06 Budget FY06 Budget
1st quarter FY07 +19% +13% +21% +14%
2nd quarter FY07 +21% +15% +25% +19%
3rd quarter FY07 +18% +11% +22% +15%
July FY07 +27% +20% +31% +23%
August FY07 +23% +17% +24% +18%
September FY07 +12% +7% +18% +14%
Amtrak Gov’t AffairsOctober 19, 2007
Amtrak Ridership & Ticket Revenue Trends
Amtrak Ticket Revenue Trends (millions)
$85
$95
$105
$115
$125
$135
$145
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Budget
Year Ago
Current Month
Amtrak Ridership Trends (millions)
1.0
1.5
2.0
2.5
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
BudgetYear AgoCurrent Month
Amtrak Gov’t AffairsOctober 19, 2007
FY07 Actuals
Ticket Revenues ($ millions)
Period
FY07
FY06Budget
Variance
vs. FY06 +$75.4 +23.0% +$28.6 +7.2% +$103.9 +14.3% +$17.9 +5.0% +$26.0 +9.0% +$147.9 +10.8%vs. Budget +$56.7 +16.3% +$7.7 +1.8% +$64.0 +8.4% +$6.4 +1.7% -$15.4 -4.7% +$54.9 +3.8%
Ridership (millions)
Period
FY07
FY06Budget
Variance
vs. FY06 +0.52 +19.6% +0.08 +1.2% +0.60 +6.4% +0.09 +2.4% +0.85 +7.6% +1.54 +6.3%vs. Budget +0.37 +13.0% +0.20 +3.0% +0.57 +6.0% +0.19 +5.2% -0.13 -1.1% +0.63 +2.5%
3.73 11.14 24.312.82 6.64 9.47 3.63 12.12 25.22
3.19 6.84 10.04
2.67 6.76 9.43
Long Distance
11.99 25.85
$369.6
Long Distance
3.82
Other Corridors
Amtrak Total
$1,519.1
$1,371.3
Acela$313.9
$287.8$329.3
Other CorridorsRegionals
NEC (Spine) Total
$376.0$403.6
$328.2
Acela RegionalsNEC (Spine)
Total
$358.0
Amtrak Total
$346.9
$424.7
$396.1$417.0
$829.3
$725.4$765.3 $1,464.2
Amtrak Gov’t AffairsOctober 19, 2007
• Amtrak: Total ridership was +6% vs last year and nearly +3% vs Budget. Ticket revenues were +11% vs last year, and +4% (+$54.9 million) vs Budget due primarily to Acela. Other corridor trains grew vs FY06, but fell short of Budget;
• Acela: Ridership and ticket revenues are very strong -- far ahead of last year and Budget due to the combined benefits of an improved service (faster by 5 minutes on the southend, improved OTP, and more northend service frequency) and increasingly poor air competition;
• Regional: Ticket revenues were +7% vs last year and 2% favorable to Budget. Ridership was +1% vs year ago and +3% vs Budget;
• Long Distance: Ridership and ticket revenues ended favorable vs Budget and year ago due to fare increases in Fall FY07 as well as deferral of most planned LD sleeper equipment reductions. Long Distance OTP ran 12 points higher FY07 vs FY06, resulting in higher CSI scores among customers;
• Other Corridors: Ridership and ticket revenues in FY07 finished ahead of last year due in part to additional trains in the east (Keystones), the mid-west (all 3 Illinois routes), and the west (Capitols and Cascades), although most other corridors (the ones w/o service expansions) were also favorable vs FY06. Ridership performance vs FY07 Budget was unfavorable by about 1%. OTP remains an issue on many corridors.
FY07 Summary
Amtrak Gov’t AffairsOctober 19, 2007
Ridership and Revenue
$0.24$0.24
$0.23
$0.24
$0.26
$0.27
0.2
0.21
0.22
0.23
0.24
0.25
0.26
0.27
0.28
0.29
0.3
FY02 FY03 FY04 FY05 FY06 FY07 YTD
Do
llar
s/M
ile
21,669,499
22,333,180
23,362,729
24,031,17024,306,905
25,847,531
19,000,000
20,000,000
21,000,000
22,000,000
23,000,000
24,000,000
25,000,000
26,000,000
27,000,000
FY02 Actuals FY03 Actuals FY04 Actuals FY05 Actuals FY06 Actuals FY 07 Actual
Fiscal Year
Revenue Yield Per Passenger Mile
NOTE: All years restated to reflect NJ Transit assumption of NJ/NY Clocker trains in FY05.
Ridership Growth
Fiscal Year
Ticket Revenue
Fiscal Year
Rid
ers
Do
llars
$1,280,015,625
$1,203,808,994$1,244,925,291 $1,239,196,813
$1,371,271,855
$1,519,130,083
$0
$200,000,000
$400,000,000
$600,000,000
$800,000,000
$1,000,000,000
$1,200,000,000
$1,400,000,000
$1,600,000,000
FY02 Actuals FY03 Actuals FY04 Actuals FY05 Actuals FY06 Actuals FY07 Actuals
Amtrak Gov’t AffairsOctober 19, 2007
Acela OTP
Source: Operations
Acela ExpressEndpoint On Time Performance
FY07 vs FY06
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY06 76.4% 75.0% 79.3% 86.1% 88.3% 93.2% 92.3% 85.7% 83.1% 79.0% 85.2% 91.5%
FY07 89.1% 82.2% 91.1% 90.4% 86.5% 90.6% 88.2% 87.8% 90.2% 83.4% 87.1% 86.9%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Amtrak Gov’t AffairsOctober 19, 2007
Regional Service OTP
Source: Operations
Regional ServiceEndpoint On Time Performance
FY07 vs FY06
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY06 70.2% 69.0% 76.6% 82.0% 82.3% 88.8% 86.4% 82.9% 71.9% 73.2% 76.7% 82.3%
FY07 75.8% 73.3% 85.3% 86.2% 77.8% 77.6% 75.5% 77.7% 76.7% 73.6% 75.6% 80.3%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Amtrak Gov’t AffairsOctober 19, 2007
Keystone Service OTP
Source: Operations
Keystone ServiceEndpoint On Time Performance
FY07 vs FY06
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY06 86.7% 70.6% 76.0% 84.5% 83.1% 88.4% 91.3% 89.1% 84.4% 77.9% 81.6% 83.2%
FY07 79.2% 65.1% 80.6% 87.8% 80.1% 87.7% 87.3% 92.3% 88.4% 89.7% 91.6% 92.0%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Amtrak Gov’t AffairsOctober 19, 2007
Other State Corridor OTP
Source: Operations
State CorridorsEndpoint On Time Performance
FY07 vs FY06
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY06 69.1% 67.4% 67.0% 66.4% 67.0% 72.0% 71.3% 68.9% 64.4% 61.8% 61.7% 70.8%
FY07 68.3% 65.6% 68.0% 69.1% 56.7% 67.2% 68.0% 65.9% 65.6% 61.9% 59.6% 69.3%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Amtrak Gov’t AffairsOctober 19, 2007
Long Distance OTP
Source: Operations
Long Distance ServiceEndpoint On Time Performance
FY07 vs FY06
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY06 27.8% 24.6% 25.5% 36.7% 31.1% 32.7% 26.4% 31.9% 25.3% 23.3% 26.9% 45.6%
FY07 42.9% 45.8% 47.5% 45.0% 32.1% 36.0% 40.2% 37.5% 35.5% 37.7% 39.7% 57.8%
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
Amtrak Gov’t AffairsOctober 19, 2007
45%56% 50% 50% 51% 55% 54% 54%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 1Q FY07
2Q FY07
Air
Rail
South End Air/Rail Shares (NYC-DC)
Source: Air-Rail Shares Report
Amtrak Gov’t AffairsOctober 19, 2007
27%41% 35% 39% 38% 36% 38% 39%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY 01 FY 02 FY 03 FY 04 FY 05 FY 06 1Q FY07
2Q FY07
Air
Rail
North End Air/Rail Shares (Boston-NYC)
Source: Air-Rail Shares Report
Amtrak Gov’t AffairsOctober 19, 2007
Workforce
Fiscal Year
Em
plo
yee
hea
dco
un
t
24,877
22,573
20,203 19,99619,199
18,641 18,579
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
2001 2002 2003 2004 2005 2006 2007
Amtrak Gov’t AffairsOctober 19, 2007
Corporate Debt
$3,229
$2,889
$1,887
$3,717$3,942 $3,892 $3,801
$3,664$3,494
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07
Mil
lio
ns
($)
Fiscal Year
Amtrak Gov’t AffairsOctober 19, 2007
Federal support for operations
$485 $485$464$472
$496$497
$721
$504
0
100
200
300
400
500
600
700
800
FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07(budgeted)
Mil
lio
ns
($)
Fiscal Year
NOTE: Financial adjustments in FY01 included losses which should have been included in FY00.
Amtrak Gov’t AffairsOctober 19, 2007
State commitment to rail service
$111.5$123.1 $128.5
$136.0 $137.4 $140.9 $139.4
$36.8
$75.5
$44.9
$65.0
$92.9
$131.4
$115.4
0
50
100
150
200
250
300
FY00 FY01 FY02 FY03 FY04 FY05 FY06
Mill
ion
s ($
)
Investments
Operations
Fiscal Year
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