Six Flags warns it may shut extra parks as monetary woes mount | EUROtoday

Six Flags is clinging on as extra parks teeter towards closure amid plunging revenues.

Even after the information of a brand new investor, Chiefs tight finish Travis Kelce, becoming a member of the enjoyable, executives at North America’s largest amusement park firm instructed traders Friday that they plan to give attention to increasing their hottest parks whereas promoting off underperforming ones.

Chief Financial Officer Brian Witherow mentioned in a convention name about its third-quarter earnings report that the corporate is “trying to narrow our focus and shrink our capital needs and our risk or liability closures, getting the portfolio smaller and more nimble is a priority.”

After merging with Cedar Fair in 2023, Six Flags now runs over 40 parks.

Six Flags America, situated outdoors Washington, D.C., in addition to its water park, Six Flags Hurricane Harbor, closed this week, following 50 years of operation.

Six Flags plans to shut California’s Great America between 2028 and 2032 and has offered unused land close to Kings Dominion in Virginia, which is able to stay open. Witherow mentioned Friday that Six Flags is now figuring out “core” and “non-core” parks, planning to divest the latter, although he didn’t specify which parks can be offered.

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Parks saying new points of interest, corresponding to Six Flags Over Texas, Carowinds, Six Flags Mexico, Kings Island, and Canada’s Wonderland, are doubtless secure, whereas others may nonetheless be in danger.

More than 500 folks commented on Six Flag America’s remaining Instagram put up, which thanked followers for “50 years of family fun.”

“We were there today for the last day (November 2, 2025),” one particular person wrote. “The weather was beautiful and everyone was kind as people took their last rides at Six Flags America. Very grateful my family got to be there.”

“Everybody pitch in, let’s buy the park and open it back up,” one other particular person recommended.

A 3rd particular person wrote, “I don’t know why this makes me sad. This is not my park. Just don’t close Six Flags Over Georgia. But for real, it’s sad to see a stable that so many people love close.”

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Six Flags’ rocky yr concerned Six Flags Texas parks seeing barely increased attendance in July‑September, however friends spent much less, resulting in a income decline, its proprietor mentioned.

“Our performance in 2025 has fallen short of our expectations,” CEO Richard Zimmerman mentioned. “While the 2025 season has been defined by volatility, I remain encouraged by the underlying strength of our business and believe the lessons we’re taking from this period help lay the foundation for future success.”

Zimmerman, who’s stepping down by the top of the yr, additionally highlighted a brand new funding led by JANA Partners and Kelce, whose group now holds a 9 p.c stake, the corporate’s largest, which he mentioned will enhance Six Flags in 2026, in response to the Austin American-Statesman.

Zimmerman mentioned rising public curiosity reveals Six Flags stays a powerful model and plans to construct on that momentum for the 2026 season.

The firm, which operates parks throughout the US, Canada, and Mexico, noticed summer season attendance rise 1 p.c to 21.1 million guests, although weaker demand in September offset earlier positive aspects.

Individual park figures weren’t disclosed.

Six Flags reported a 2 p.c drop in third-quarter income to $1.32 billion, lacking analyst expectations, with in-park spending down 4 p.c.

The firm posted a $1.2 billion web loss, in comparison with a $111 million revenue a yr earlier, largely because of a $1.5 billion noncash impairment cost tied to weaker efficiency and a decrease share value.