Why Americans Are Back on Board With Amtrak

It Costs How Much?

Airline fares skyrocketed last year, delays are common, airport lounges can be overcrowded, and did we mention that it’s pricey?

Although fares have come down again to approximate pre-pandemic levels, the cost of plane tickets can still take up much of your trip’s budget, especially if you’re traveling with a family. In response to these sky-high costs, some Americans are choosing trains over planes.

The Amtrak Alternative

While the use of the U.S. government-backed Amtrak system is still down versus pre-pandemic levels, ridership rose 24% year-over-year last year, totalling 28 million.

Travelers are enjoying the comfort of more legroom compared to many airline cabins, and the speed for certain routes. Taking a train also often lands you in the center of a city, rather than on the outskirts where airports are normally located.

And then there’s the environmental impact. This has been a thing in Europe for a while already. Rail travel has a significantly lower climate impact than air travel, which accounts for around 2% of global carbon emissions, according to the International Air Transport Association.

It’s not just consumers helping to revitalize railroads. In November, the Biden administration allocated more than $16 billion in funding to provide a faster and more reliable rail experience across Amtrak’s Northeast Corridor.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS24021403