Six Flags announces drop in attendance, capital expenditures while stock takes hit

Posted | Contributed by gamndbndr

Six Flags Great America released its second quarter results, revealing that attendance was down 4% while per capita spending was up 2.8%. The company retired $260 million of its $2 billion debt through the sale of the Cleveland and European parks.

The company will spend $125 million on capital expenditures in 2005, about $35 million of which will include a new water park at Six Flags Great America.

The stock took a hit on release of the results, losing 11%.

Read the press release and listen to the conference call from Six Flags, and read more from The Oklahoman.

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