Brightline’s ability to continue operating its Florida passenger rail service is in doubt following an audit of the company’s finances, but Brightline West is still aiming to get the planned Las Vegas to Los Angeles high-speed rail project underway.
In Ernst & Young’s financial audit of Brightline’s 2025 operations, the firm said Brightline’s inability to pay down its debt tied to its Florida operations has cast doubt about the company’s future.
“(Brightline) requires funds to service its debt and meet such other obligations as they become due and has stated that it does not currently have the liquid funds necessary to service its debt and meet such other obligations as they become due, and that substantial doubt exists about the Company’s ability to continue as a going concern,” Ernst & Young’s audit revealed.
