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Six Flags Warned It May Need to Sell 10–12 Parks or Face Bankruptcy

Post‑merger declines in attendance and revenue have fueled leadership turnover, cost cutting, new fees, worsening guest experiences.

Overview

  • An industry consultant says the company’s options now include selling roughly 10–12 parks or pursuing bankruptcy protection.
  • Six Flags reported a 17% attendance drop in Q1, followed by a Q2 shortfall that included about $100 million in lost revenue.
  • Q2 disclosures also cited a 9% decline in attendance and an 8% slide in season‑pass purchases, with CEO Richard Zimmerman set to step down once a successor is named.
  • Reports describe staffing reductions and newly added charges for previously included experiences, which guests say are reducing service quality.
  • Analysts tie the downturn to merger‑era debt and clashing growth strategies, with one outlet noting the possibility of investor legal action under review.