Park chain sees narrower loss
Bloomberg News
Six Flags Inc., the second-largest U.S. amusement-park chain, said its first-quarter loss narrowed as revenue increased at the fastest rate in six years.
The loss fell to $149.9 million, or $1.62 a share, from $170.6 million, or $1.86, a year earlier, New York-based Six Flags said Thursday in a statement. Revenue rose 35 percent to $68.2 million from $50.7 million, the biggest increase since the first quarter of 2002, according to Bloomberg data. Total attendance gained 19 percent to more than 1.4 million, the company said.
Six Flags shares (ticker: SIX) fell 16 cents, or 6.7 percent, to $2.24 Thursday on the New York Stock Exchange.
