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Brightline Revenue Jumped 50% In November

Brightline Revenue Jumped 50% In November

Demand is skyrocketing for Brightline’s passenger rail service connecting Miami, Fort Lauderdale and West Palm Beach, according to the company’s Monthly Revenue and Ridership Report released to bond investors yesterday.

In November, Brightline generated $1.5 million in revenue, a 50% increase compared to October’s $1 million in revenue.

Ridership was 80,660, Brightline said. That represents a 34% passenger count increase in just one month, compared to the 60,013 passengers carried in October.

Also during November, Brightline announced a new partnership and licensing agreement with the Virgin Group. As part of the deal, Brightline will rebrand as Virgin Trains USA.

Another milestone was reached in November when  the Florida Department of Transportation and the Central Florida Expressway Authority announced they would enter negotiations with Brightline for the right to develop passenger service between Orlando and Tampa.

 

 

(photo: phillip pessar)

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Azarius
Azarius

Love Brightline they need to connect Miami to Atl as well as other FLORIDA routes (Jax, Tally, Panama City, Tampa,Orlando, Gainesville) then the State will grow. We need to be connected like DMV to NYC

Anonymous
Anonymous

Does Gainesville even have tracks anymore, and is it worth it for some university?

Anonymous
Anonymous

You mean the only REAL university with attending in Florida.

Hugh Madson
Hugh Madson

Lol, a second tier state school does not make it a REAL university. It’s barely in the top 50 -if that, a waste of money unless you get a big scholarship and can’t cut the mustard to get money from a top tier university out of state.

Azarius
Azarius

UF has the largest school network in the state with satellite campus and study centers in every county. So yes for a University of at least 50,000 as well jus for route sakes.

Hugh Madson
Hugh Madson

I don’t think Atlanta will bring the demographic Miami needs to become a 1st/2nd tier city. There is a reason everyone shuts down for Urban Beach Week.

Anonymous
Anonymous

Heck, they should shut down during other events like Ultra to avoid another mass murderer like that lunatic who shot up that country and western concert in Las Vegas.

Anonymous
Anonymous

Go away, Hugh.

Eric
Eric

What is that supposed to mean? I wonder why atlanta has more fortune 500 companies with headquarters there? Get your head out of the sand and look deep before you comment.

Anonymous
Anonymous

Nope, can’t do that. Mr Madson has to demonstrate his bias by demeaning another race of people first.

Alex
Alex

This article makes me happy. I really want this to succeed.

Mike
Mike

When Brightline get’s to Orlando, they will be running full trains daily hauling cruise ship passengers back and forth between Disney World and the Port of Miami. That’s when they’ll actually start having an operating profit. And then long term, all the real estate development on land they own around their stations will provide huge returns.

Anonymous
Anonymous

Yes, this a sure thing right there!! Trains full of cruise passengers, oye vey……because everyone going to the theme parks is also taking a cruise and taking a train to get there.

Anonymous
Anonymous

Jist the beginning…

Anonymous
Anonymous

Still peanuts.

Quit dragging your feet and bring us the Coastal Link.

Anonymous
Anonymous

People please.. understand that this train service is still in it’s infancy.

Anonymous
Anonymous

Yeah we live in Miami…trains, metro-rail, metro mover, every mode of transportation other than the car are all still in its infancy in this city!!

PS.
You can’t have tolls on the Train lines!

Anonymous
Anonymous

You do realize Metrorail and Metromover are city and county owned entities while Brightline is all privately owned, right?

Anonymous
Anonymous

The toll roads are the same, broke, and leaking like a seiv

Anonymous
Anonymous

Infancy prior to child mortality.

Anonymous
Anonymous

Gee, how did these big airlines like Delta survive?

Anonymous
Anonymous

YAS! Coastal Link will be an absolute game changer in turns of true transit mobility between the most dense and urban parts of the region. Brightline is great, but an entirely different thing. Glad it’s doing well, but I want both!

peej
peej

Of course revenue is up, so is their pricing! What used to be $10 Smart Service costs up to $25 for certain rides.

If their route timing was actually consistent, it might merit an increase; but they rarely leave as scheduled, which hurts their business travelers.

Anonymous
Anonymous

Trains should always run on time. Especially one with 2 terminus and 1 station in the middle.

Anonymous
Anonymous

Not sure what you’re looking at, but most trains arrive early and leave on time…

Anonymous
Anonymous

I just bought two tickets to FLL for $10 each way.

peej
peej

Is that with a Promo Code? The cheapest current tickets for the rest of the week cost $15 (some), $20 (most), or $25 (the day’s most popular).

Polo
Polo

Every time I have taken Brightline (10 times) the trains have been on time. I also paid $10 for a West Palm Beach to Miami ride!

peej
peej

I too have paid some discounted rates–I’m talking about their current pricing, which seems to continually increase.

Anonymous
Anonymous

Maybe you missed the part where it also said ridership was up 34%?

Anonymous
Anonymous

If fares stayed the same, revenue would only be up 34% since it’s a multiplier. Quite common math/sense to figure that one out, but nice try.

Anonymous
Anonymous

Good thing Richard Branson is now involved in this project. His experience with failed private rail systems and huge government bailouts of these will certainly come in handy. https://www.theguardian.com/business/2018/jan/05/richard-branson-defends-government-bailout-of-virgins-east-coast-rail

That bright?
That bright?

If it goes so well why are they offering 25% discount codes on TV!

Anonymous
Anonymous

So they expect $27 million in losses this quarter vs. the $28 million in losses last quarter. What a super idea this train is!!! Hurray for all you investors!!

Anonymous
Anonymous

Friggin microwave mentality…this is for long-term investors not short-sighted, ignorant pontificators like yourself. Just give it a little thought if you’re able to comprehend that IT’S A RAILROAD INFRASTRUCTURE PROJECT! Hurray you have zero vision and should never invest in anything.

Anonymous
Anonymous

Yep, because anyone looking at this knows it is like Tesla. Brainiacs. Lol, lose your money……morons!

Anonymous
Anonymous

So, the blue collar job you work and a bunch of teevee watching makes you a better expert than professional investors. Good to know, will invest in your next company.

Anonymous
Anonymous

Lol, you’re an idiot on many fronts. I am not a blue collar worker. What a dumb shit you are!

Hugh Madson
Hugh Madson

With the losses their incurring each quarter I think they should rebrand as Flatline…would not want to be their investor relations guy right now trying to spin massive losses as a good thing.

Anonymous
Anonymous

It’s the first year of operation – did you expect to turn a profit already after investing millions up-front? This isn’t selling trinkets on Ebay, it’s a railroad.

Anonymous
Anonymous

Or running a Tow Truck operation.

Anonymous
Anonymous

Lol, my nephew sells trinkets on ebay and in his first year had greater monthly revenue than this train does.

Azarius
Azarius

Troll

Anonymous
Anonymous

Troll!

Anonymous
Anonymous

Yea that’s why Virgin bought a stake

Anonymous
Anonymous

I am going to go ahead an trust the judgement of Richard Branson over Hugh Madson.

Anonymous
Anonymous

You should buy into this. Definitely invest your kids college money!

Master Angler
Master Angler

They need monthly revenue of ~$10M to break even…not sure the ridership can afford a 9-10x increase in ticket prices, but we’ll see.

Would also love to see a stop in Doral, it’s en route, becoming increasingly cosmopolitan, and will ease traffic on I-95.

Anonymous
Anonymous

Doral is en-route?

Oscar
Oscar

Don’t think Brightline to Doral makes sense but extending Metrorail through Doral, either by extending from the Palmetto Station terminus or buying the CSX tracks, would be amazing. CSX track acquisition — even if it’s county-wide — is probably the easiest way.

Anonymous
Anonymous

Density in Doral isn’t even close to warranting a Metrorail extension. This is also the reason ridership to the northern Green Line stations to Palmetto is relatively miniscule. Buy those CSX tracks and run frequent Tri-Rail out there

Anonymous
Anonymous

CSX would be Tri-Rail to Doral and through Kendall from Hialeah Market.

Anonymous
Anonymous

Have any of you guys even read the County’s SMART Plan? They already did the studies and analysis for rapid transit (which Brightline is NOT; it is intercity rail, not mass rapid transit like Metrorail). CSX rail lines were not viable due to their usage for freight. Either CSX was unwilling to retrofit to allow for Metrorail to utilize or the route was deemed at capacity with current freight operations.

Anonymous
Anonymous

I thought that those rail tracks were unused by CSX and the sticking point was how much the county was willing to pay CSX for those rail lines?

Anonymous
Anonymous

They’ll get that revenue increase once the Orlando link is up. They don’t have to increase prices. The Orlando link will be cheaper to run than the rest of the trip but attract higher ticket prices and more customers.

Hugh Madson
Hugh Madson

People go to Orlando?

Anonymous
Anonymous

People go to South Beach?

Darrell Dunlap
Darrell Dunlap

Orlando is trying to claim Port Canaveral as a Port of Orlando.. They can’t compete with Port Everglades and Port Miami no matter how much money Mickey has