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Six Flags Posts 2Q Loss


KimberlySayWhat

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  • 2 years later...

Six Flags Declares Bankruptcy

NEW YORK -- The amusement park company Six Flags says it has filed for bankruptcy.

The New York-based operator of 20 theme parks in the U.S., Mexico and Canada said Saturday that the filing in a federal bankruptcy court in Delaware is part of its plan to reorganize and shed $1.8 billion worth of debt.

Company CEO Mark Shapiro said the move won't effect the day-to-day operations of the parks.

Six Flags said it actually had a great year in 2008. It saw 25 million visitors and posted record revenues.

However, it said it needed to do something about its crushing debt load.

An earlier plan to work out an out-of-court deal with creditors wasn't successful.

That logic and the avenue to allow that happen just makes steam come out your ears.

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Six Flags just hasn't been doing well. They need to sell, sell, sell (only down to Over Texas, Over Georgia, St. Louis, Magic Mountain, Great America, Fiesta Texas) and KILL Mr. Six forever! They should've sold AstroWorld instead of demolishing it, for one...

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Six Flags just hasn't been doing well. They need to sell, sell, sell (only down to Over Texas, Over Georgia, St. Louis, Magic Mountain, Great America, Fiesta Texas) and KILL Mr. Six forever! They should've sold AstroWorld instead of demolishing it, for one...

Fiesta Texas is lame...and so is the Dc one. They should focus more on service in the park. Rules/policy's are not the same everywhere. Magic Mountain was a big eye opener...

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Six Flags just hasn't been doing well. They need to sell, sell, sell (only down to Over Texas, Over Georgia, St. Louis, Magic Mountain, Great America, Fiesta Texas) and KILL Mr. Six forever! They should've sold AstroWorld instead of demolishing it, for one...

They shouldn't have sold Astroworld at all. They said it was profitable but they were selling it because they got a good offer. Now I'm happy to see their company burn.

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They shouldn't have sold Astroworld at all. They said it was profitable but they were selling it because they got a good offer. Now I'm happy to see their company burn.

The park was profitable...How ever, they didn't get a good offer on the land... Check out sixflagshouston.com for the full details.

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The park was profitable...How ever, they didn't get a good offer on the land... Check out sixflagshouston.com for the full details.

Holy Cow, I don't know whether to be happy or sad about this news!!! From the timeline of that website:

2006

*Dungeon Drop tower relocated to Six Flags St Louis.

2007

*Greezed Lightnin' rollercoaster relocated and scheduled to open at Joyland park in Lubbock, TX.

*Mayan Mindbender rollercoaster and Gunslinger relocated and scheduled to open at Wonderland park in Amarillo, TX.

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Holy Cow, I don't know whether to be happy or sad about this news!!! From the timeline of that website:

2006

*Dungeon Drop tower relocated to Six Flags St Louis.

2007

*Greezed Lightnin' rollercoaster relocated and scheduled to open at Joyland park in Lubbock, TX.

*Mayan Mindbender rollercoaster and Gunslinger relocated and scheduled to open at Wonderland park in Amarillo, TX.

AFAIK, Joyland is having trouble with the soil Greezy is supposed to sit on. That's why it has yet to be reinstalled.

Dammit.

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