WASHINGTON—The coronavirus crisis has crushed the finances of Amtrak just as the company approached profitability, and the national railroad is now banking on a $1 billion bailout from Congress to stay afloat.
Business closures, stay-at-home orders and fear has led to plunging ridership, leading Amtrak to halt its Acela service linking Washington, D.C. and Boston on Sunday. The railroad now sits on the brink of financial calamity, just four months after Amtrak chief executive Richard Anderson said the railroad was on track...
Fuckoff Amtrak
I don’t understand why these big companies are needing bailout so fast. Like was no capital reserved at all to stay afloat ? How shitty were they running the business that they can’t stay afloat for at least a month
Too funny. They were on death row for years. Sink or swim baby, thats America.
Amtrak Its literally only been 2 weeks—How can you be so cash poor that you cant go 2 weeks without a bailout? How much AvocadoToast (ie Stock BuyBacks, ExecutivePay and ExecutivePerks) did you buy? CorporateWelfare
silvioluiz E a China vai rindo disso tudo. Matérias do ruralbusinessbr explicam bem o q a gente chora ao constatar.
Make it high speed and people will use it.
Coronavirus home schooling. Regular verb: to trump Present tense: trump Past tense: trumped Meaning: To lie to or bs somebody. Example: You told me that you had a cure for coronavirus, but I think you just trumped me.
Corporations dont know how to save money I see
Shut it down.
Hasn’t Amtrak always been on the dole?
They need a billion already? Poorly run business.
Amtrak hasn’t been able to effectively manage their finances for years. This is not surprising.
Ask for a trillion. Asking for a billion is so 2019
Leeeet theeem faaaail
No bail outs, sell corps that should have never been corps to the government. Public transportation should be a public entity wow.
What a popcorn economy !!! Couple of weeks out of business and on ventilator🤔 Think the reality of entire economic system in the world Fake
I wonder if the government is going to reimburse me for my loses from the stock market crash. Somehow I doubt it. I'm sure they'll continue to collet my money thru never ending federal and california taxes. wufluhoax
No. With existing conditions only.
Let it go under. Someone will buy the assets and run it better.
Strange that Republicans would agree to a $1 billion bailout. Thought Republicans were in favor of free market? Shouldn't they be forced to file for bankruptcy?
1 billion compared to Airlines ?
ChineseVirus
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