ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
In spite of rising revenue and growing ridership, Miami-based private train company Brightline still reported a nearly $493 million loss in the first nine months of 2024.
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According to the 630-page preliminary bond offering from an affiliate of Brightline’s owner, New York-based Fortress Investment Group, Brightline collected $137.75 million in revenue between Jan. 1 and Sept. 30 — a 211% increase from the first nine months of last year.
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This included a 260.2% year-over-year increase in ticket sales and a 130.2% hike in ancillary revenue such as food, beverages, baggage fees and parking fees.
Click here to read the full story on the Orlando Business Journal’s website.
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