Six Flags attendance down 79% in 2020

Posted Thursday, February 25, 2021 5:29 PM | Contributed by Jeff

From the press release:

Fourth Quarter 2020 Highlights

  • Attendance was 2.2 million guests, a decline of 4.0 million guests from fourth quarter 2019. This represented 35% of prior year total attendance, and approximately 51% of prior year attendance at the parks that were open, relative to the comparable prior year period. A schedule of comparable operations for the fourth quarter is set forth in Schedule A of this release.
  • Total Revenue was $109 million, a decline of $152 million from fourth quarter 2019.
  • Net loss was $86 million, a decline of $75 million from fourth quarter 2019.
  • Adjusted EBITDA was a loss of $39 million, including $19 million of litigation reserve increases, a decline of $111 million from fourth quarter 2019.
  • Net cash outflow for the quarter was $56 million, an average of $19 million per month.

Full Year 2020 Highlights

  • Attendance was 6.8 million guests, a decline of 26.0 million guests from full year 2019.
  • Total Revenue was $357 million, a decline of $1,131 million from full year 2019.
  • Net loss was $423 million, a decline of $602 million from full year 2019.
  • Adjusted EBITDA was a loss of $231 million, a decline of $758 million from full year 2019.
  • Net cash outflow for the year, excluding the net impact of financing raised, dividends paid, and pre-payment of debt, was $331 million, an average of $28 million per month.

Read more on Yahoo Finance.

Sunday, February 28, 2021 2:57 AM
Lord Gonchar's avatar

It would have been amazing if they had blamed the weather.


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Sunday, February 28, 2021 9:01 AM

Increased avalanche deaths blamed partly on Covid:

https://www.cnn.com/2021/02/28/us/avalanche-death-covid-trnd/index.html

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Sunday, February 28, 2021 12:03 PM

Shout out to Snow Trails in that article.
That very topic was covered on CBS Morning News with Jane Pauley this morning. I know that because old people watch that show religiously. (There was also a story about The 5th Dimension, one of my favorite groups of the 70’s, so I come by this generalization honestly.)

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