Six Flags, which was formerly a longtime Arlington-based company, is now headquartered in Charlotte, N.C. after the company merged with Cedar Fair.
DALLAS — The Six Flags CEO is stepping down, and the news comes as the company reported significant losses in the second quarter.
Richard A. Zimmerman will leave the company by the end of the year, Six Flags Entertainment Corporation announced Wednesday. He will remain a director on Six Flags’ board.
Six Flags, which was formerly a longtime Arlington-based company, is now headquartered in Charlotte, N.C. after the company merged with Cedar Fair, another amusement park operator.
Prior to taking the role with Six Flags, Zimmerman served as the CEO for Cedar Fair, according to WKYC.
“Since completing the merger of legacy Cedar Fair and legacy Six Flags a little more than a year ago, we have made significant progress on our integration efforts and cost synergy goals,” Zimmerman said in a statement. “That said, there remains an immense opportunity to further optimize the portfolio and unlock the full value of the Company’s unique assets and intellectual property.”
The announcement of Zimmerman’s departure — which will happen after Six Flags selects a new CEO — came Wednesday, the same day the company announced its second-quarter results, which included a net loss of $100 million. Zimmerman described the earnings as “significantly short of our expectations,” according to the report, which attributed the losses to “unfavorable weather across most of the Company’s key markets,” including rain and severe storms.
Six Flags officials said 379 days out of 2,042 operating days across the company were impacted by weather and 49 days resulted in park closures. Also, around 60% of the weather-impacted days happened on Friday, Saturday or Sunday, which are higher-attendance days for the parks, Six Flags officials said.
“These conditions impacted park operations, guest visitation and season pass sales during the critical months of May and June,” the earnings report said. “Weather conditions were particularly disruptive during the final six weeks of the quarter.”
In the first five weeks of the third quarter, as the company said the weather normalized, park attendance was up about 1% compared to the same period in 2024.
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