Six Flags Files for Bankruptcy

By Harry Kimball,  Newser Staff
Posted Jun 13, 2009 1:04 PM CDT
Six Flags Files for Bankruptcy
The Batman roller coaster is seen at Six Flags over Georgia in Atlanta.   (AP Photo)

Theme park operator Six Flags has declared bankruptcy, Bloomberg reports. The company has not had a profitable year since 1998 and is burdened with $2.4 billion in debt. Six Flags underwent a wide-ranging reorganization starting in 2005 when Washington Redskins owner Daniel Snyder became chairman. The company, whose 20 parks draw 25 million visitors a year, seeks to reduce its debt by $1.8 billion and eliminate $300 million in stock obligations. (More Six Flags stories.)

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