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.
▶ WATCH CHANNEL 9 EYEWITNESS NEWS
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.
Read: New KFC ‘Saucy’ restaurant to open in Orlando this week
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.
Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.