Yikes! Six Flags announced that they will be removing 15 rides from their parks heading into 2021. I’m sure the majority of these won’t receive a proper send-off either. What rides do you expect to die?
Is that Houdini ride still at Great Adventure? If so, that better leave. That was an awful ride.
The 15 number likely seems a lot except when you run it across the entire Six Flags chain it's actually pretty little and can incorporate small flats, kids attractions, or a water slide that parks routinely remove without much fanfare.
The 15 number likely seems a lot except when you run it across the entire Six Flags chain it's actually pretty little and can incorporate small flats, kids attractions, or a water slide that parks routinely remove without much fanfare.
Management is simply signalling to investors that they are being financially conservative with a very specific example. 15 rides is tangible vice $X million in yearly O&M savings which is more abstract.On the other hand, why even bother announcing the removal of some random kiddie rides or small flats during an earnings call? The fact that they found it noteworthy enough to tell investors, plus the fact that the decision was based on "detailed analysis of rides looking at throughput," suggests to me that these won't just be minor attractions that nobody notices. Otherwise, why tell investors?
Notice BGW didn't alert the presses when Wirbelwindchen and Eggery Deggery were removed.
Basically what @rswashdc said. This is something tangible that to investors can feel more substantial than it might be. It shows them being commited cutting costs. I think they deliberately didn't say which rides because saying 15 rides let's people use their imagination to determine how much that is.On the other hand, why even bother announcing the removal of some random kiddie rides or small flats during an earnings call? The fact that they found it noteworthy enough to tell investors, plus the fact that the decision was based on "detailed analysis of rides looking at throughput," suggests to me that these won't just be minor attractions that nobody notices. Otherwise, why tell investors?
Notice BGW didn't alert the presses when Wirbelwindchen and Eggery Deggery were removed.
I imagine it will be rides with high maintenance costs and low ridership numbers. Log flumes, topspins, maybe an old coaster with a ton of downtime, could be on the way outBasically what @rswashdc said. This is something tangible that to investors can feel more substantial than it might be. It shows them being commited cutting costs. I think they deliberately didn't say which rides because saying 15 rides let's people use their imagination to determine how much that is.
Those are possible but I think they were deliberately ambiguous about which rides because it would seem more underwhelming if they listed off which ones were leaving.I imagine it will be rides with high maintenance costs and low ridership numbers. Log flumes, topspins, maybe an old coaster with a ton of downtime, could be on the way out
One ride down, fourteen to go. RIP:
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