Will Six Flags get out of debt?

I heard that Six Flags is billions of dollars in debt. If its true do you think that they can get out of so much debt even if they don't add so many attractions to there parks (or should I say two parks SFMM and SFwoA)? Do you think that this could ruin them in the future meaning that they go bankrupt, especially with all of the lawsuits they have been getting lately?

I never heard of six flags beig in debt billions of dollars.

Where did you here this?

six flags is like $2.4 billion in debt

but if they go a whole season with out addng anything wouldn't they come up with at least half of that in profits.
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Montu, god of coasters.

Yes, they could, but I don't think they will do that. I think that they will add a few rides next year, not like this year, and do that for a few years, then they could be out of debt.

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Nitro: The Most Explosive Coaster on the Planet explodes at Six Flags Great Adventure in 2001.

Six flags is in two billion dollars debt from buying parks , and the right to use looney tunes as theming. To get out of debt they decided to use an aggresive advertisement and ride campaign. So far it seems to be working. Each park they add something attendence jumps. The boost in attendence pays for the ride back again but also makes them more and more money.

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chill factor

Large corporations that are growing always have debt. It's just a part of doing business.

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Jeff
Webmaster/Admin - CoasterBuzz.com
"From the global village... in the age of communication!"

I read that if a large company has no debt, they're doing something wrong!

BTW, the US has the largest debt in the world, it owes other countries well over a trillion dollars.

A lot of that debt is marked as write-offs. (like new rides, donations, funding)

I wouldn't be surprised if Cedar Fair dont have rides like Talon and Mill. Force completely paid off yet, even though they have made enough money to pay them off

Who cares about their debt, when will they empty their trash cans?

Jeff hit it right on the nose. An appropriate amount of debt is typical in an expanding corporation. It's like taking out a mortgage to buy a house. If you just used profits to expand, you would have to grow much slower.

In fact, there are disadvantages to a corporation being completely out of debt. (It makes them an easy take over target.)

When i become president there will be no more debt!!! And that final *** This post was edited by Apollo15 on 8/16/2001. ***