Six Flags is closing in 2027

Episode Transcript

Speaker 1 (00:01):
It looks like Six Flags Magic Mountain will be closing
in twenty twenty seven. They just announced that it's expected
to close October, when its lease expires. The primary reasons
for these closure is tied to the company's ongoing portfolio
optimization program or in other words, low profit margins. Six
Flags CEO stated that both Six Flags of America and

(00:23):
California's Great America ranked low in terms of profit margins
compared to other parks and the portfolio of the company owns.
The closures are part of the broader strategy to streamline
operations and maximize the ROI, a return on investment. Six
Flags America's five hundred acre properties being marketed for redevelopment,
as a company believes selling the land would generate higher
value than maintaining the park. Recent reports indicate six Flags

(00:47):
face significant second quarter losses, particularly attributing to poor weather
and reduced attendance. It was down almost ten percent in
quarter two. These factors, combined with economic uncertainty, prompted the
company to cut its four year outlook and consider asset
sales to improve financial health.