Six Flags Entertainment Corporation (SIX), the world’s largest regional theme park company, noting yesterday’s serious earthquake near Mexico City, provides this update about the company’s two parks in Mexico. Most importantly, Six Flags is thankful that all of its employees in Mexico appear to be safe and sound. Six Flags Mexico and Six Flags Hurricane Harbor Oaxtepec were closed at the time of the earthquake.
The earthquake struck in the State of Puebla, south of Mexico City, which is about 50 miles from the company’s new water park in Oaxtepec. A preliminary investigation indicates damage to a number of the structures in the water park and the company is currently assessing the extent of the damage. After a careful evaluation, the company will be in a better position to understand the extent of the damage, develop a remediation plan and assess when the park will reopen.
Damage to the theme park in Mexico City appears to be minimal. However, consistent with its emphasis on safety for guests and employees, the company is in the process of evaluating all rides and structures in the park and will only reopen the park for guests when the company is entirely satisfied after a thorough safety review.
The company maintains both property and business interruption insurance, and does not currently believe the consequences of the earthquake will be material to its results or prospects.
Six Flags extends heartfelt thoughts and prayers to its employees and to all those impacted by the earthquake.
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