Brightline is bankrupt. But it looks like it isn’t the end of the world for it either.
Just goes to show that even when you have a successful corridor operation, you can’t cover massive capital costs with the low Margin profit. This is why 90% of all passenger rail worldwide is subsidized.
gobrightline.com
Brightline Florida Reaches Agreement on Financial Restructuring | Go Brightline
Brightline, Florida’s high-speed passenger rail system connecting Miami-to-Orlando, today announced that certain entities associated with the company have entered into a Restructuring Support Agreemen...