Six Flags Enterntainment Corp. has posted a quarterly net loss of $183.5 million, following a recent Chapter 11 bankruptcy reorganization plan.
The loss comprises interested owed on $400 million in senior notes, costs associated with the reorganization plan, income tax expenses, and generally higher operating costs.
The net loss over this period amounts to $183.5 million, or $1.87 per share, on revenue of $57.3 million. In 2009, the company posted a comparatively better quarterly net loss of $140.8 million, losing $1.50 per share, on revenue of $51.1 million.
Al Weber Jr. has been appointed interim chief executive officer for the company while a privately hired executive search firm looks for a permanent CEO.
If your company is facing bankruptcy, contact the Arizona business bankruptcy lawyers of the Harmon Law Office, LLC, at 480-829-0494 to discuss your financial future.