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Six Flags considers selling off parks
Theme park operator Six Flags is mulling the sale of some of its 42 parks as part a ‘comprehensive review,’
It comes after the merger with rival Cedar Fair.
It made the revelation during its first post-merger earnings call as new company Six Flags Entertainment Corporation.
The merger was completed in July.
“We delivered solid results in our first quarter as a combined company and are encouraged by the continued momentum we see in the business,” Six Flags President and CEO Richard A. Zimmerman said.
The Cedar Fair and Six Flags portfolio includes 27 amusement parks and 15 water parks in the US, Canada and Mexico.
The company is in the process of ‘harmonizing its park portfolio and reducing unnecessary costs;’ which could lead to the sale of some parks.
The ‘Project Accelerate’ review is ongoing and no decisions have yet been made.
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