Its base rises 48 feet, with four-seat cars made to look like retro airplanes attached to its six legs. The steampunk-inspired ride Dare Devil Dive Flying Machines gives passengers a sense of weightlessness with aerial banks, loops and dives. Six Flags Fiesta Texas last opened a major ride in March. Its shares have gained 23 percent since the beginning of the year. Six Flags stock closed Wednesday at $42.17 per share, up 0.26 percent. On : Six Flags Fiesta Texas hopes new thrill ride will entice guests to come back “While the operating environment continues to be challenging, we are encouraged by the initial progress on our transformation plan, which contributed to our improving revenue and guest spending per capita trends,” CEO Mike Spanos said in a statement. Though it was down from 2019, the 8.5 million in attendance in the second quarter also topped expectations. Revenue was $459.8 million, up from $19.1 million a year ago but down nearly 4 percent from the same period in 2019. In the same period in 2019, net income was $79.5 million, or 94 cents per share. Analysts had been expecting a loss of 13 cents per share. In the three months ended July 4, net income was $70.5 million, or 81 cents per share, up from a loss of $136.9 million, or $1.62 per share, a year ago. Still, Six Flags blew past analysts’ expectations for financial performance, with both attendance and guest spending also topping Wall Street estimates. Though all the company’s parks have been back in operation since late May, capacity limitations are still in place at two in Mexico and a third in Montreal. In its earnings statement, Six Flags blamed pandemic-related restrictions at several of its parks for reducing attendance in the second quarter. The news comes as the Arlington-based parent company is looking to bounce back from the pandemic. Revenue from food and merchandise sales typically make up about 50 percent of such parks’ revenue, so giving patrons a new reason to visit can boost the bottom line. They are the park’s most popular rides, he said, making a “spectacular new coaster” a logical choice for a new attraction.Ī small outdoor show venue, The Sundance Theater, which opened along with the park in 1992, will be demolished to make way.Īdding new rides and attractions is often a yearly affair, particularly at regional parks like Six Flags Fiesta Texas that depend heavily on visits by season pass holders. Six Flags Fiesta Texas President Jeffrey Siebert said at a Wednesday afternoon press conference that the park already has 10 other coasters. Other dive machines have angles of 90 degrees or less. The coaster drop angle of 95 degrees appears to be the most extreme in the world, he said, but it will not be the tallest or fastest dive coaster. “When parks buy new coasters, and models of those coasters already exist at other parks, it’s not uncommon to see some record stretched for that model (fastest of that type, tallest of that type, etc.) to use as a selling point,” said Lewison, a theme park expert. A fifth is under construction at SeaWorld in San Diego, he said. Four are in North America, at Busch Gardens Tampa, Busch Gardens Williamsburg, Cedar Point in Ohio and Canada’s Wonderland in the Toronto area, said Martin Lewison, an associate professor of business management at Farmingdale State College in New York. On : San Antonio's SeaWorld, Six Flags theme parks drop mask rules for vaccinated employeesĭespite the hype, there are 14 Bolliger & Mabillard dive coasters operating around the world. The coaster, being manufactured by Swiss ride company Bolliger & Mabillard, is called a dive coaster because its cars stop for several seconds at its highest point before dropping. The coaster will feature what Six Flags Fiesta Texas officials describe as 95-degree angled drop that will be the world’s most extreme. “In our industry the coaster is king,” said Speigel, president of International Theme Park Services “It’s always been that way.” The company does not break out the number of visitors to its park in San Antonio, but adding the dive coaster will certainly “help kick up attendance,” said theme park consultant Dennis Speigel.
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