A record 32.8 million people rode Amtrak during fiscal year 2024, representing a 15 percent increase from the previous year.
Ticket revenue increased 9 percent year-over-year, reaching $2.5 billion, while total operating revenue increased 7 percent to $3.6 billion. Adjusted operating earnings grew 9 percent year-over-year, reaching $705.2 million.
“Breaking our ridership record is just the beginning,” Amtrak CEO Stephen Gardner said. “This record ridership shows that travelers throughout the U.S. want efficient travel options, and we are committed to meeting that demand. Through bold investments, strong partnerships with states and host railroads, and dedicated planning, we are doubling down on our vision to connect more people and communities like never before.”
The company has set the goal of doubling ridership to 66 million by 2040. During the fiscal year, it expanded four routes and launched one new train service.
In addition, during the fiscal year, Amtrak invested $4.5 billion in major infrastructure and fleet projects designed to expand capacity, improve accessibility, enhance safety and reliability, and spur economic growth.
Projects included building bridges and tunnels, and adding trains. Amtrak also worked with state partners to upgrade stations, establish new routes, and lay the groundwork for future corridor expansion.