Media & Entertainment - Earnings and Guidance
Six Flags foresees $190M in 2009 adjusted EBITDA
November 03, 2009 2:53 PM ET
By Muhammad Haseeb
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Six Flags Inc. expects to finish 2009 with adjusted EBITDA of roughly $190 million, reflecting an adjusted EBITDA loss of roughly $15 million in the fourth quarter compared to a positive adjusted EBITDA of $5.2 million in the fourth quarter of 2008. The company said Nov. 2 that the year-over-year change for the fourth quarter was driven by declines in in-park guest spending, decreased revenues due to adverse weather conditions in October and reduced international licensing fees. Six Flags also expects slightly higher cash operating expenses, reflecting the timing of specific promotional and repairs and maintenance programs. | 
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