Six Flags Files Chapter 11 Bankruptcy
By wchung | 08 Jun, 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
Recent Articles
- China's May Export Growth Surges on AI Wave
- Trump Greeted with Boos at NBA Finals in MSG
- Trump's $100,000 H-1B Visa Fee Declared Unlawful
- OpenAI Files for IPO on Heels of Anthropic
- Bedtime Story: The Scholar Who Entered a Painting
- Sunny Mehta’s Poker Past Highlights Eccentric Path to Devils GM
- First Filipino NBA Champion, LPGA Korean Duo, BYU’s Akina Honored
- China May Exports Pegged for Strong Growth on Front-Loaded Orders, Chip Demand
- China's Global E-Commerce Slides as Iran War Lifts Costs, Dampens Demand
- S. Korea to Seek Priority Supply of Nvidia Vera Rubin GPUs