Six Flags, one of the world’s largest theme park owner-operators, saw a fall in attendances across its parks in the third quarter and a resulting drop in revenue of 21 per cent.
The company put the lower attendance sdown to an increase in ticket prices and the dropping of free tickets. It noted that the fall in attendance was partially offset by an increase in per capital spend.
Anticipating a fall in attendances when it increased prices, the company had embarked upon a cost cutting exercise and shed some of its manpower.
Net income was $116m, down $41m on the comparative quarter.
The company, based in Texas, has properties in Canada, Mexico and the US where it has 27 parks of different types. Last year it hosted 32.8million guests.
Six Flags has plans to open six parks in Saudi Arabia, the first of which will form part of the Qiddiya project just outside of Riyadh next year.
