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Vail Daily
Park City Mountain Resort owner Vail Resorts reported a net loss of $153.8 million for the first quarter of fiscal year 2021, the company reported Thursday.
Park Record file photo
The COVID-19 pandemic has taken a toll on Vail Resorts’ bottom line.
On Thursday, the global ski resort giant reported a net loss of $153.8 million for the first quarter of fiscal 2021 that ended Oct. 31, 2020, a decrease of 44.4% compared to the first quarter of 2020.
In its release, Vail Resorts stated its business has been challenged by COVID-19 related limitations, restrictions and closures, and provided season pass sales results.
Vail Resorts reported an EBITDA loss of $94.8 million for the first quarter, compared to a loss of $76.7 million for the first quarter of 2020. In its release, the company said its COVID-19 losses were partially offset by disciplined cost management and $15.4 million of lift revenue recognized in the first quarter of 2021 associated with the expiration of th
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âWeâd be better off with no snow right now,â said Eric Trenbeath, an avalanche forecaster for the U.S. Forest Service Utah Avalanche Center. Trenbeath filmed an Instagram video on Nov. 20 describing current conditions in the La Sal Mountains outside of Moab.
Instagram is just one of the many venues the Utah Avalanche Center uses to reach out to backcountry users with up-to-date snow reports, educational opportunities and other information as the group expects a winter of unfavorable conditions and new backcountry users.
This week is the second annual Avalanche Awareness Week in Utah, which focuses on promoting snow science education and backcountry safety. Avalanche awareness could be especially important this year, as due to the COVID-19 pandemic many ski resorts will only open in limited capacities, potentially sending skiers, snowboarders, and other backcountry users into avalanche terrain.
As the snow rolls into Park City, so will the skiers and snowboarders. With the coronavirus pandemic limiting indoor activities and Park City Mountain Resort requiring guests to reserve