How much insurance money did Six Flags get for New Orleans?
How much insurance money did Six Flags get for New Orleans? Six Flags New Orleans sits within a Federal Emergency Management Agency designated Flood Zone A. Six Flags submitted losses totaling $150 million to its insurers. Six Flags's primary-layer insurers, including IRI, paid $25 million, exhausting that layer of coverage.
Is Six Flags in financial trouble?
The company had a net loss of $70 million in first quarter 2023, compared to a net loss of $66 million in first quarter 2022. The loss per share was $0.84 compared to a loss per share of $0.76 in first quarter 2022, driven by higher operating costs partially offset by an increase in revenue.
What was Six Flags in New Orleans before?
Originally called Jazzland, the park opened in 2000, but it was acquired by Six Flags in 2003 and renamed Six Flags New Orleans (SFNO). According to Theme Park Tourist, its location in a low-income neighborhood that's far away from other classic New Orleans tourist attractions, like the French Quarter, was not ideal.
What was Six Flags sued for?
The shareholder case alleges that Six Flags misled investors in 2018 and 2019 about the company's progress on an ambitious plan to expand its international footprint with the construction of as many as 20 new theme parks in China. By early 2020, the plan was in tatters.
Who owns Six Flags?
Wynne, Jr. in 1961, upon the opening of Six Flags Over Texas. Six Flags Theme Parks is a fully-owned subsidiary of Six Flags Entertainment Corporation (formerly Premier Parks), who purchased the company from Time Warner in 1998.
Why is Six Flags getting sued?
Six Flags sued by California man after fire on Mr. Freeze ride traps riders in their seats. In April 2022, seven people were treated after an electrical malfunction caused smoke inside the Mr.
Why is Six Flags declining?
Total revenue for the full year decreased by $139m compared to 2021. Again, this was due to lower attendance, driven by higher prices, the removal of free tickets, and fewer discounts. Six Flags had a net income of $109m in 2022, compared to $130m in the prior year.