amtrak key facts summary november 12, 2007

Amtrak Gov’t AffairsOctober 19, 2007

Amtrak

Key Facts Summary

November 12, 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%


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


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)


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


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


Total

$27.4

Amtrak Total

$31.4

$35.6

$32.7$33.0

$71.5

$63.1$64.5 $119.2


• 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 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


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


Total

$358.0

Amtrak Total

$346.9

$424.7

$396.1$417.0

$829.3

$725.4$765.3 $1,464.2


• 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


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


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


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%



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%



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%



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%



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


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


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


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


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.


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

amtrak key facts summary november 12, 2007

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