Amtrak is temporarily slashing fares on its high-speed Acela Express service in response to the sagging economy, which has driven ridership to an all-time low on its Northeastern Corridor between Boston and Washington D.C.The company is offering a 25-percent price reduction its lowest one-way fares starting Tuesday, March 3.
Travelers will now be able to book business-class tickets on its high-end Acela Express between Boston and New York for as low as $79 and between Washington and New York for $99. The tickets must be booked 14 days in advance. They are nonrefundable, though they can be exchanged.
Previously, the lowest one-way fare between Boston and New York was $93, while the trip between Washington and New York cost $133.
In the four-month period since the end of Amtrak’s last fiscal year, from October to January, the number of travelers dropped 10.3 percent.
And the decline may be accelerating. Ridership this past January was 13.8 percent lower than it was in January 2008.
“As Amtrak becomes an increasingly popular way to travel, these new low fares on Acela make our flagship service more affordable for business and leisure travelers,” Emmett Fremaux, vice president of marketing and product management, says in a press release.
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