Amtrak set to get $1 billion from coronavirus bailout bill - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Amtrak is set to get over $1 billion from the coronavirus bailout after its ridership was decimated

"We must conserve our resources, putting them to use as efficiently as possible and in ways that continue to drive safety and advance our future, so that when things get back to normal, we are ready to grow and prosper," Stephen Gardner, senior executive vice president and chief operating and commercial officer,

Instead of breaking even, Amtrak was last week projecting a financial loss of $840 million, according to the Wall Street Journal. It's not clear how the cash infusion will affect that forecast. We want to hear from you. Get in touch with this reporter at grapier@businessinsider.com, through the secure messaging app Signal at 376-6102, or on

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 AU
 

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

Almost the same amount as New York State which is considered the epicenter. Does that make sense?

Pathetic. They should get $0

Australia Australia Latest News, Australia Australia Headlines

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

Coronavirus crisis: $1 trillion in debt may be distressed, UBS warns - Business InsiderUBS: The coronavirus crisis has pushed $1 trillion in corporate debt to the brink of default. Here's where to expect the most carnage — and which industries will be spared. What do you think about the Hantavirus with a 38% mortality rate, it is unlikely to spread though? We might aswell re elect trump because he preaty much is screwing us all the way to china.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Roger Federer donating $1 million to coronavirus relief in Switzerland - Business Insider'We must help families in need quickly and unbureaucratically,' star tennis player Roger Federer wrote in his announcement of the gift on Instagram.
Source: BusinessInsider - 🏆 729. / 51 Read more »