Brightline lost about $549 million in 2024, even as its revenue more than doubled compared with 2023, the privately run passenger train company has reported.
Much of that loss came in May 2024, when Brightline paid more than $218 million to refinance its debt of about $4.6 billion. The Miami-based company also paid $178 million in interest on its debt, it said in its financial statement for 2024 . But even without counting debt-related payments, the South Florida-Orlando train still spent more money than it made last year.
Brightline spent $341 million running and maintaining its trains and stations in 2024, bringing in about $188 million from ticket sales and other sources, for a deficit of more than $153 million…