Amtrak warns it could lose hundreds of millions in revenue due to coronavirus outbreak
A passenger boarding an Amtrak train in November 2019. Photo: Alex Wong/Getty Images
Amtrak officials announced Wednesday that the company's revenue is falling as consumers cancel trips and avoid future bookings as a reaction to the novel coronavirus outbreak, the Wall Street Journal reports.
The state of play: The company canceled nonstop service between Washington, D.C., and New York, according to CNBC, and plans to announce a voluntary unpaid leave program for nonessential employees, WSJ reports.
What they're saying: Stephen Gardner, Amtrak's chief operating and commercial officer, wrote in a memo to employees that the company expects ticket revenues to decline by "several hundred million dollars" as trip cancellations are up 300%.
- Gardner also told employees to expect considerable reductions in train service due to decreased ridership.
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