The Colorado Sun
Skiers and snowboarders stand in a lift line on opening day Nov. 13 at Breckenridge Ski Resort. On Thursday, March 11, Vail Resorts reported lower-than-expected losses this season due to the pandemic.
Photo by Liz Copan / Studio Copan
DENVER Not as bad as expected. That was the theme Thursday as Vail Resorts CEO Rob Katz told investors about declines in revenue, income and visits so far in the 2020-21 ski season.
Vail Resorts reported $147.8 million in income through January for the second quarter of its fiscal 2021, a drop of 28% compared to the second quarter of fiscal 2020. Revenue of $378.3 million marked a 27% decline for the same three months of the 2019-20 season. Skier visits for its 34 North American resorts through March 7 are down only 8.2% compared with the same period last season.