CEO Testifies Amtrak Has Never Returned a Profit, Hopes to Break Even by End of Decade

Stephen Gardner says the pandemic pushed Amtrak’s financial progress back several years, but May was the most profitable month in company history.

An Amtrak worker keeps watch at a station stop on Dec. 9, 2021, in Burbank, Calif. Mario Tama/Getty Images

Amtrak CEO Stephen Gardner testified to the House Transportation and Infrastructure Committee on June 12 that the national rail company has yet to turn a profit in a 12-month period but hopes to break even by 2030.

Mr. Gardner’s comments came from a question posed by Rep. David Rouzer (R-N.C.) during a hearing on Amtrak’s funding, current operations, and uncertain future.