Brightline: January Passenger Count Was 74K, Revenue $1.7 Million

Brightline/Virgin Trains has revealed their passenger and revenue figures for the month ending January 31, 2019, in a report to investors.

Passenger count was 73,568 for the month. That compares to 98,076 passengers in December, 80,660 In November, and 60,013 in October.

Revenue for January was $1.7 million. That compares to $2.2 million in December, $1.5 million in November, and $1 million in October.

Virgin says that the January numbers represent month over-month growth in ridership, excluding the impact of December’s high number of holiday event-related trips. Average paid fares also rose, as the company continues to ramp up both ridership and effective pricing. Virgin said they expect current trends to drive strong ridership and revenue growth in the year ahead.

For the year 2018, Brightline carried 579,000 passengers (service to Miami began halfway through the year in May). The company had forecast 1.1 million passengers in their first full year of operations, with a three year ramp up period eventually leading to 2.9 million annual passengers and $107.3 million in gross fare revenue.

Analyst Fitch Ratings had said that the company could be profitable even at figures well below the company’s forecast, and even if ramp up was delayed.

 

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Anonymous

Pretty pathetic.

Quit dragging your feet and build the Coastal Link if you want to see some real passenger numbers.

The market just isn’t there for this 3 city pair.

Coastal Link could have 5-10k a day ridership.

Anonymous

Also, it’s expensive. I’ve ridden about 10 times (for work) and I wouldn’t pay that amount of money. It’s a tourist train.

marc

That was exactly what it was built for, commuters and tourists.

Anonymous

Maybe for tourists but commuter rail is never profitable.

Anonymous

How about Tokyo, Hong Kong and several other cities?

Anonymous

The rail service runs at a loss. Railway companies profit off real estate.

Anonymous

How much money does I-95 make?

Anonymous

Thus the reason why I-95 isn’t owned by a private company nor will it ever be. This however, IS and needs to be profitable.

Anonymous

Anyone comparing this to rail in Hong Kong or Tokyo obviously is not familiar with rail in these cities.

J S Lasher

Hardy a tourist train. Your demographics are flawed.

Anonymous

Jeez people, it’s not complete yet. This train plan is designed to go up to Orlando with a possible spur in the future to Tampa and Jacksonville.

Forget the dream of Coastal Link. What Miami needs first is a metromover connection to Miami Beach and it should’ve been done at least a decade ago.

Anonymous

Yeah, I’m sure a Metromover extension is going to pay for itself. It should be Metrorail, and have been done thirty-five years ago.

Anonymous

Guys virgin trains isn’t doing coastal link. That’s Tri-rail!! Brightline is a intercity passenger service that’ll be running between Miami, Fort liquordale, west palm, Orlando, and Tampa. They announced awhile ago they won the contract from the state to build a high speed service between Orlando and Tampa. They even want to build a station at Disney world. This isn’t a commuter rail line. There cliental and demographic is the business travel and tourist. I imagine people living in the state will use it but majority of the travelers will be foreigners to be exact Europeans, out of state travelers and tourists in general. They also have put a bid in to go to the port of Miami to serve the cruise ship market. In realty this train is for semi quasi ritzy people to ride. Not for the everyday commuter but businessmen and tourists.

Anonymous

Thanks for explaining that to these numbskulls.

M.B.

Exactly. Think of it as an alternative to flying or doing long haul drives, that’s the clientele that would be influenced the most.

Anonymous

Damn, you are a koolaid drinker!

Anonymous

What do you mean by this person is a “koolaid drinker?”

This person is totally correct in saying that “this isn’t a commuter rail line.”

Anonymous

You are stating the obvious along with the entirety of our highly populated community.

Anonymous

Yes!

Anonymous

Bro.. these guys are going bankrupt… $1.7mm in revenue. The busy 7-eleven at the corner of my street probably sells more than that.

Anonymous

A busy 7/11 has revenues of way more than $1.7 million per month.

Anonymous

Yeah man, 7-11’s have things like mechanics and huge bank loans to pay every month which is equal to Brightline/Virgin Trains before counting their bottom line at the end of the month.

You guys must’ve gotten straight A’s in school.

Anonymous

Idiots don’t understand the difference between revenues and expenses. That’s okay…..That’s what Brightline is counting on as their investors.

Anonymous

I’m a banker. I manage portfolios for a living and I’m pretty good at it. Numbers are my thing. You, on the contrary… what you just said… doesn’t even deserve an answer…

Anonymous

Um yeah, sure.. you’re a “banker” whom I wouldn’t trust with my piggy bank. Trying to compare a pebble to a diamond is what a Trump University graduate would do.

Anonymous

I only work with UHNWs. Your piggy bank, no one cares about. You’re so simple minded you fail to realize the stupidity of your posts. Precisely, the issue at hand, is that your diamond has the revenues of a pebble. In Miami only, there’s thousands of individuals (businessmen, bankers, brokers, mom & pops) that produce more than $1.7mm in revenues monthly on their own. So when you see a “diamond” like Brightline, so large, with so many moving parts, with so many fixed an variable costs, you wonder how the f it’s possible they only make $1.7mm/month… and how dare they brag about the “progress” they’re making. Worst business ever. If they only make $1.7mm in revenues monthly, with the low margins of the rail business, it means that even a broke pata sucia like yourself is probably making more money than its biggest shareholders.

Anonymous

Again, you brag about yourself but your arguments sound asinine. Trying to compare a company like Brightline/Virgin to your local 7-11 is like comparing Roller Skates to a Maserati.

Please take your idiotic arguments about revenues for a place like 7-11 that sells potatoes chips and beer, and Brightline/Virgin where just one of it’s train cars cost more than seven 7-11’s (get the pun) combined.

Anonymous

Can you be any more dumber? You keep saying the same stupid thing over and over again. That’s precisely the point we’re trying to make. Brightline has the save revenues as a mom & pops corner store, with 100x larger expenses. Geez. Will you keep going at it with your stupid none sense?

Anonymous

What is your point moron?

Anonymous

Geez stupid people can ask some stupid questions.

Anonymous

Everyone who I graduated with who couldn’t get a real job became a saleperson selling crap products to high net worth people who are not that smart. These are the kind of people you need to invest in dumb-assed ventures like Brightline.

Anonymous

The owner of Virgin is a billionaire.. who’re you?

Anonymous

Brightline has no equity and can’t even get financing it desperately needs you idiot.

Anonymous

Brightline has no equity. It’s worth less than zero, can’t sell bonds and doesn’t qualify as an IPO either.

Anonymous

I don’t know who your friends are, but my friends and I are MBAs, CFAs, and we make a shhload of money working with UHNWs. Stop hating and go back to your $50k/year job…

Anonymous

Mostly senior government officials, but also doctors, lawyers, professors, some have MBAs. None are lowlife salespeople like you apparently are.

Anonymous

Look at all these naive people here still believing BL business plan is passenger rail service and not freight trains and real estate.

Anonymous

let’s face it, politicians and business people don’t care about any type of better commute here in Miami for the citizens, people complaint every single day and did we see any changes? NO; sorry, I work in the hospitality industry and I see it every day with the passengers going to the port or airport of Miami and Fort Lauderdale and no one cares, cheap people don’t use taxis anymore, why? Because they prefer Uber or Lyft; and is really interesting more people from north states are moving here thinking we have mass commute system like New York, Boston, Chicago or DC and is a shame; we are so many years behind infrastructure of better transportation system, we never gonna be like France, Japan, Germany, Portugal or even Morocco; but eventually when the time comes to improve transportation we gonna be underwater, sorry folks, but I’m really upset how politicians waste our money taxes on things are unnecessary…

Anonymous

My dry cleaners did more revenue last month than Brightline. What a joke this thing is!

Anonymous

All….and I mean ALL of Miami’s transit problems are because of the 35 year old STILL HALF FINISHED metro rail, there was PROMISED 50 miles and double the current stations….where did that half cent tax go?

Anonymous

Expressways

M.B.

I’m a little confused with the reporting; according to Miami Today, brightline/Virgin Rail is a struggling.
https://www.miamitodaynews.com/2019/02/19/virgin-trains-usa-might-roll-into-portmiami/

Anonymous

Drop your expensive prices for daily commuters and your numbers will go back up. You got too expensive

Anonymous

Lol, moron!!

M.B.

Not sure why my last post was deleted; but this report seems to be conflicting with another report on “Miami Today” stating that brightline/Virgin Rail is struggling.

Anonymous

Because they can be anon without reprisal. So they talk complete shit all day long about every story.

Anonymous

All this numbskulls who are on here telling everyone to be patient and making excuses for this private venture would not be singing the same ‘sensible’ song if it were a government led project or rollout. They are never so patient. Evidence again how the average stupid American worships anything that is corporation related while not applying similar caveats and qualifications when criticizing public projects. Americans have really drank the Koolaid really really hard. Drunk on it. It is definitely going to lead to the fall of the ’empire’ in 30 or less years. China and Russia are rubbing their hands together – not because they are so great but just with the satisfaction of watching how our society is susceptible to propaganda just like theirs. Doesn’t matter if propaganda is government led or corporation led.

Anonymous

So are saying we shouldn’t wait for the completion of this rail project to assess how well it’s doing?

Anonymous

Yeah dumbass… because as a government project, I would be paying for the loses on the failed project! I don’t care if the private investors want to lose their own money.

Anonymous

Brightline is the answer to Miami Dade lack of mass transit!!

Anonymous

That’s not what it was built for.. Brightline/Virgin Trains is privately owned and wasn’t built to be MiamiDade mass transit solution.