Six Flags Files Chapter 11 Bankruptcy
By wchung | 19 Mar, 2026
The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
Mark Shapiro, the New York-based company’s chief executive officer, says the move won’t affect the operation of its 20 theme parks in the U.S., Mexico and Canada.
Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable.
Saturday’s bankruptcy filing came after an earlier plan to negotiate an out-of-court deal with creditors failed.
Six Flags shares have traded below $1 since September. They closed at 26 cents on Friday.
6/13/2009 10:08 AM NEW YORK
Articles
- Xiaomi's Lei Jun Quadruples AI Budget to $8.7 Billion As MiMo-V2-Pro Excites Developers
- Samsung to Supply HBM4 Chips for OpenAI's Custom Processor Project
- OpenClaw Craze Turns Ordinary Chinese into 'Lobster' Farmers
- Rivian Gets $1.25 Billion Injection from Uber in Robotaxi Deal
- Xiaomi Unveils Updated SU7 at $31,870 in Challenge to Tesla
- Ben & Don Begin Parting Company As Don Seeks Elusive Off-Ramp
- Angry Kpop Fans Crash S. Korea's Pension Fund Support Server
- Mystery AI Model Was Xiaomi's, Not DeepSeek's
- Did Krishnamoorthi Lose Huge Lead to Identity or Stratton's Rousing 'F*** Trump' Message?
- Musk Says SpaceX AI to Keep Ordering Nvidia GPUs at Scale