|
|
|
|
Posted at 5:37 PM EST (2237 GMT)
 Mar. 9th, 2005 -- Today, Six Flags released its financial reports for both the last quarter of 2004 and the entire year, and announced its expectations for 2005. Although total profit for the year was down, the fourth quarter results were better then expected.
For all of 2004, Six Flags brought in $1.038 billion, a decrease of 1% from 2003. Attendance for the full year decreased 3.4% to 33.5 million visitors, and operating costs rose $28.2 million to $888.1 million. However, the last quarter of 2004 was a significant improvement. Revenue increased 11% from the fourth quarter of 2003, up to $109.1 million. Attendance during the quarter rose 6.9%. See Business Wire for the full press release.
|
 More about Finance
News by Aaron
Database Links
|
|
|
| Comments |
Phil
Joined: Jun 2002
Posts: 9278
View Park/Ride Count
|
Its hard to see them ever being able to right the ship again.
|
| 3/9/2005 8:42 PM |
|
5150
Joined: Jul 2004
Posts: 364
View Park/Ride Count
|
It's possible, but it will take some smart thinking. I don't think 2005 will be the year though, as there is not a vast amount of smart thinking going on for the upcoming season. A couple of dozen Tornados and a "purchase of a lifetime" rollercoaster are not the answer. It will take a few years of taking the right decisions.
...also they should clean their restrooms.
|
| 3/9/2005 8:56 PM |
|
raser
Joined: Jul 2001
Posts: 2079
View Park/Ride Count
|
Of course attendance is down. They sold how many parks and SFWOA was a large chunk of the 1.18 million they lost... I don't understand the increase in operating cost with fewer parks cost should go down unless they somehow figured a way to put some of the loss from sold properties into the operating cost column...
|
| 3/9/2005 11:26 PM |
|
Steven
Joined: Jun 2001
Posts: 7795
View Park/Ride Count
|
Http://jobs.thrillnetwork.com/viewjob.php/26/restroom_attendant.html
They're hiring :).
|
| 3/10/2005 12:22 AM |
|
Drewbie
Joined: Oct 2001
Posts: 1577
View Park/Ride Count
|
Anyways, as far as never being able to right the ship again, I don't think you can say that. Realistically, they haven't been doing many things drastically different since the decline. I know they continuously blame poor weather and other x-factors, but realistically it has alot to do with downturn in tourism nationwide since 9/11. If you recall the news story from a few weeks ago about Disney complaining about the government not sinking money into tourism worldwide, it just goes to show that everyone is hurting.
Six Flags can and will turn it around. They aren't close to going belly up by any means so I'm not too worried about. I'd say it would help if our government would ever decided to stop with the whole "The Sky is Falling" mentality and drop the terror alert scale from "bert" every once in a while.
|
| 3/10/2005 9:32 AM |
|
Wes
Joined: Sep 2001
Posts: 11489
View Park/Ride Count
|
I think the 4th qtr might have been helped by all those Season Pass deals they were offering.
I've never bougth a Six Flags SP, but $42.99 was too cheap to pass up.
|
| 3/10/2005 11:38 AM |
|
|