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.

Go deeper: How the coronavirus will shape the future

Go deeper

Updated 16 mins ago - Politics & Policy

Biden enters final stretch with huge cash advantage over Trump

Democratic presidential nominee Joe Biden in Wilmington, Delaware, on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month.

Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.