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Six Flags Goes Bankrupt

Offline kinjo

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Six Flags Goes Bankrupt
« on: July 14, 2009, 07:04:48 AM »
Six Flags waves the white flag

The economy has been quite the thrill ride for Six Flags. The New York City-based amusement-park operator went belly-up in June, unable to spin off $2.4 billion in debt -- even on the Tilt-A-Whirl.

But never fear: The chain's 20 parks, which stretch from Montreal to Mexico City, will remain open. The Chapter 11 filing is "strictly a financial restructuring" of the company's debt, said President and CEO Mark Shapiro in a statement.

The parks attracted 25 million visitors in 2008, and the company made $275 million. "Six Flags has been a favorite family destination for almost a half century. Our financial reorganization will best position our parks to entertain millions of guests for another 50 years," Shapiro added.

http://finance.yahoo.com/career-work/article/107335/brand-name-companies-go-bankrupt.html

Kinjo Note: Geeze, how sad. Atleast they are staying open. I remember going to six flags sooooooo long ago. Such great times, its when the new batman ride was created. Six Flags was always about Thrill rides, which i like.

Offline Flashwerewolf

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Re: Six Flags Goes Bankrupt
« Reply #1 on: July 14, 2009, 10:12:38 AM »
hmm I guess amusement parks dont generate that much money

[kata]

Offline Wesker

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Re: Six Flags Goes Bankrupt
« Reply #2 on: July 14, 2009, 10:18:28 AM »
The prices on food there are high enough, fw. You'd THINK people wouldn't come there based on that, if finances weren't tight.

I was worried for a second I wouldn't be able to go on teh Superman ride for the first time of my life.
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Offline Flashwerewolf

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Re: Six Flags Goes Bankrupt
« Reply #3 on: July 14, 2009, 10:53:04 AM »
Which ride is better?
Goku ride vs Superman ride!
 [spot]

[kata]

Offline kinjo

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Re: Six Flags Goes Bankrupt
« Reply #4 on: July 14, 2009, 11:16:38 AM »
theme parks in orlando are busy as ever.. so it might just be NON-disney parks

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #5 on: July 14, 2009, 06:04:29 PM »
hmm I guess amusement parks dont generate that much money

I thought they did...
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Offline kinjo

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Re: Six Flags Goes Bankrupt
« Reply #6 on: July 14, 2009, 07:34:39 PM »
i never seen the superman ride
but the Hulk ride at Universal is insane

Offline Wesker

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Re: Six Flags Goes Bankrupt
« Reply #7 on: July 14, 2009, 08:42:47 PM »
i never seen the superman ride
but the Hulk ride at Universal is insane
I hear that, brother. Love that Hulk ride!
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Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #8 on: July 15, 2009, 02:55:23 AM »
i never seen the superman ride
but the Hulk ride at Universal is insane

why yes it was!! especially the begining when it takes off when ur not expecting it. lol but that mist was awesome too!! lol
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Offline kinjo

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Re: Six Flags Goes Bankrupt
« Reply #9 on: July 15, 2009, 07:11:50 AM »
the aerosmith ride is like that too, its crazy
i remember thinking to myself if i die at least im listening to good music

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #10 on: July 15, 2009, 07:15:39 AM »
heck ya!! going from 0 to 60mph was amazing!! [dbz]
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Offline TwitchLord

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Re: Six Flags Goes Bankrupt
« Reply #11 on: July 15, 2009, 07:16:17 AM »
l love the superman one

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #12 on: July 15, 2009, 07:18:58 AM »
superman one? are you talking about six flags?
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Offline TwitchLord

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Re: Six Flags Goes Bankrupt
« Reply #13 on: July 15, 2009, 07:23:20 AM »
yesh

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #14 on: July 15, 2009, 07:26:10 AM »
oh okay, and yeah that ride is awesome!! but have u been to universals studios in Orlando, Florida?
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Offline TwitchLord

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Re: Six Flags Goes Bankrupt
« Reply #15 on: July 15, 2009, 07:31:36 AM »
no im poor

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #16 on: July 15, 2009, 07:49:07 AM »
awwww its okay... well that place has some awesome rides!! lol i will take u one day(=
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Offline TwitchLord

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Re: Six Flags Goes Bankrupt
« Reply #17 on: July 15, 2009, 07:54:03 AM »
AWSOME!!!! what a pal

Offline Xicor

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Re: Six Flags Goes Bankrupt
« Reply #18 on: July 15, 2009, 07:57:14 AM »
dont mention it man, me u and warlord can take a trip up there. if addy tell me where she lives, we can take her too!! lol jkjk [dbz]
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Offline TwitchLord

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Re: Six Flags Goes Bankrupt
« Reply #19 on: July 15, 2009, 08:00:25 AM »
gasp