Six Flags profits plummet after losing more than a million visitors
Fewer visitors and poor weather blamed for US theme park’s struggles
- Six Flags Entertainment Corporation reported a significant drop in profits and visitor numbers, causing its shares to sink over 15 per cent.
- The theme park operator posted a net loss of nearly $100 million, a stark contrast to profits last year, with attendance falling by 1.4 million visitors.
- The company lowered its full-year adjusted earnings forecast, attributing the downgrade to a smaller base of season-pass holders and a volatile economy.
- Adverse weather conditions, including prolonged rains and extreme temperatures in May and June, were cited as a key factor adversely affecting guest attendance.
- CEO Richard Zimmerman announced his resignation by the end of 2025, with the board initiating a search for his successor, and Six Flags also plans to sell non-essential assets.