The world’s largest regional theme park company, Six Flags Entertainment (SIX), has announced preliminary 1Q20 revenues along with significant steps taken to both reduce expenses and boost the overall liquidity outlook.Management expects 1Q20 revenues to be $25-30M lower than the year-ago period, or roughly $98-103M, but added that a sizable portion of the decline was offset by operating expense cuts when the parks closed. SIX also agreed with lenders to suspend the regular dividend until the end of 2021 or the termination of its additional $131 million credit facility.With the timeline for park reopenings remaining unknown, management is reducing expenses …read more
Source:: Yahoo Finance
