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Six Flags CEO Mark Shapiro said that the company's problem was the declining attendance and cash flow created by his new management initiatives. [69] If not resolved, the company warned in its 2008 annual report [71] that the situation might require a Chapter 11 bankruptcy filing, with Six Flags already retaining counsel should that occur. [70]
Some of Six Flags' 42 theme parks throughout the U.S. could be closing, The Independent is reporting. On Wednesday, Six Flags Entertainment Corporation released its quarterly earnings report ...
Six Flags New Orleans was a theme park located near the intersection of Interstate 10 and Interstate 510 in New Orleans. [3] It first opened as Jazzland in 2000, and a leasing agreement was established with Six Flags in 2002 following the previous operator's bankruptcy proceedings. [4]
Six Flags Entertainment Corporation, often referred to simply as Six Flags, is an American amusement park corporation headquartered in Charlotte, North Carolina, United States. It was formed on July 2, 2024, following a merger between longtime rivals Cedar Fair and the former Six Flags company .
Its TV commercials would count this as "no flags": Six Flags, which operates 20 amusement parks, filed for Chapter 11 bankruptcy Saturday. It's been one long downhill ride for the thriller, which ...
The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.
In June 2009, Six Flags announced that the company was delaying a $15 million debt payment and two weeks later, Six Flags filed for Chapter 11 bankruptcy protection. [28] As part of the reorganization, 92% of the company ended up in the hands of their lenders [ 29 ] with Snyder and Shapiro being removed from their positions.
Jefferies analyst David Katz initiated coverage on Six Flags Entertainment Corporation (NYSE:FUN) with a Buy rating and a price target of $59.00. The analyst writes that the merger of Six Flags ...