Amtrak says it needs another $1.5 billion bailout to survive the coronavirus crisis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Amtrak says it may have to cut some routes without another $1.5 billion bailout to survive the coronavirus crisis

Passengers board an Amtrak train inside New York's Penn Station, the nation's busiest train hub, which will be closing tracks for repairs causing massive disruptions to commuters in New York CityAmtrak was on the brink of breaking even financially for the first time ever before the coronavirus pandemic hit. To make up for the revenue shortfall, Amtrak needs another $1.5 billion bailout from Congress, it said in a letter Tuesday. U.S.

"In February of this year, as Amtrak was on track to have its first break-even year in the company's history," CEO Bill Flynn, who took over in April, said in the letter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trains are done. Until we get something high speed, they just don’t make much sense. They’re containers of germs

TrainWreck ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the Boeing Business Jet 787 Dreamliner's most luxurious designs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 1929 much? GTFOOH
Source: BusinessInsider - 🏆 729. / 51 Read more »

French government's crisis measures have cost 450 billion euros - finance ministerFrench government measures to prop up the economy through the coronavirus crisis have cost 450 billion euros ($490 billion), the equivalent of 20% of GDP, the finance minister said on Monday. Listen/download mazi nnamdi kanu's broadcast sunday may 24 2020..pls retweet if u see this so that the whole world will listen Good job!
Source: Reuters - 🏆 2. / 97 Read more »

New season of 'It's Always Sunny in Philadelphia' will tackle coronavirus'It's Always Sunny in Philadelphia' will address the coronavirus pandemic in the comedy's 15th season. Last season sucked 'The Gang cures COVID-19' They have gotten quarantined before when the flu hit and they just realized that they are all alcoholics.
Source: EW - 🏆 713. / 51 Read more »

Contact tracing won't solve the coronavirus crisis, says this renowned epidemiologist—here's what will'This virus is going to continue to spread by the force of what I call viral gravity,' says Michael Osterholm. 'It's biology, chemistry and physics. No policy decisions are going to keep it from happening.' Wow Summary of the article : “None of us have the right answer because I don't know if there is a right answer.” You’re welcome.
Source: Newsweek - 🏆 468. / 52 Read more »

Coronavirus cases in the nation's capital reveal a tale of two citiesIn Washington, D.C., African Americans make up 46% of population but nearly 80% of COVID-19 deaths. “So many people that have been affected by infection and death are doing essential work,” Mayor Muriel Bowser says, and it’s “largely African Americans.” FakeNewsMedia What’s the point? WHENEVER THE DEMOCRATS DONT CONTROL POWER, ITS TIME FOR THE RACIAL DIVIDE, ALWAYS, EVERY GOP PRESIDENT HAS HAD TO DEAL WITH THE DEMOCRATS SCREAMING RACIST, WHEN THEY ARE IN OFFICE RACISM IS OVER !!!! CROOKED ASS DEMS !!!!!!!!
Source: ABC - 🏆 471. / 51 Read more »