ThrillNetwork.com :: Six Flags stocks take a 25% fall

Finance: Six Flags stocks take a 25% fall

By Drewbie

Jul. 16th, 2004 -- After stocks closed on July 15th, PKS announced thier first half attendance and profit numbers were down from last year. Attendance was down from 13.31 million last year to 12.77 million on a same park basis for June 2003, a decrease of 4.1% As a shard of good news, park patrons were spending more money in the parks, up 3.3% from last year, but that was not enough to offset the loss in attendance.

Consequently, Six Flags has announced plans to cut back in costs planed to enhance guests experience. The planned budget of $30 million is down $11.8 million from the same span last year.

Attendence had been up in early June, but fell sharply as the month began to wind down. The first part of July has brought a turnaround, says Six Flags.

Full second quarter numbers are expected to be released in early August.

Full Stories at:
MSN Money and a similar article at MSN Money

PKS Closing Price: 4.72 closing Down 25.32% -1.60

Story posted by Kyle L, Updated by Steven