Brightline posts multimillion-dollar loss in profits 2023; read why

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By WFTV.com News Staff and Erik Bojnansky

ORLANDO, Fla. — 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 ridership and revenue, Miami-based private train service Brightline still finished hundreds of million of dollars in the red in the first nine months of 2023.

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According to Brightline’s latest quarterly unaudited financial statement report released Dec. 29, Brightline posted a net and comprehensive loss of $192.2 million between Jan. 1 and Sept. 30.

At the same time, the company reported year-over-year increases of 67% for ridership and a 116% for revenue through Sept. 30, 2023. During the first nine months, Brightline collected $44.3 million in total revenue, compared to $20.5 million for the same period in 2022.

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Click here to read the full story on the Orlando Business Journal’s website.

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Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida

Brightline begins high-speed train service between Orlando and South Florida