Six Flags to cut $60 million in expenses after drop in net income and flat attendance

Posted | Contributed by Jeff

Dan Snyder's Six Flags amusement park chain, which has lost money in three of the last four quarters, plans to cut expenses by as much as $60 million this year. The company had third-quarter net income of $89.7 million, down more than 40 percent from $164.7 million in net income a year earlier. Sales fell 1.9 percent to $365.2 million. It's 21 parks drew 24.9 million visitors last year, barely changed from 24.8 million in 2006.

Read more from The Washington Business Journal.

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