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Amtrak shows red ink despite gains in ridership

WASHINGTON (Reuters) — Despite a 4.7 percent increase in ridership last year, the federally subsidized train company Amtrak lost an average of $16.38 on every passenger ticket sold, the weekly magazine U.S. News reports.

Of the 41 train routes the company ran last year, 14 lost more money per passenger than the year before, according to internal Amtrak documents obtained by U.S. News.

Sixteen Amtrak routes lost more than $50 per passenger and 10 lost more than $100, the documents show.