
For VIA Rail, Plunging Revenues, Ridership
VIA Rail Canada’s third-quarter 2020 results include an 86% drop in rider revenue and 82% decrease in ridership from the same period last year due to the pandemic. Total revenues for 3Q20 fell 84%, on a 79% reduction in capacity as travel demand plummeted. Total operating expenses decreased by 27.5%. (See chart below.)