Vail Resorts sees nearly $80 million in first-quarter profit
Sun News Service
BROOMFIELD, Colo. and#8212; Vail Resorts said Thursday that the company saw a profit of $76.9 million during the third quarter, up 5.6 percent from last year.
Furthermore, pass sales for next season are up 19 percent in terms of number of passes, and 27 percent in sales dollars, said CEO Rob Katz during the company’s quarterly earnings call.
Broomfield-based Vail Resorts owns Vail, Beaver Creek, Breckenridge, Keystone, Heavenly and Northstar-at-Tahoe and#8212; with Northstar becoming the newest Vail member in late 2010.
The third quarter is February, March and April.
Vail Mountain itself saw a record number of skier visits for the 2010-11 season, Katz said. Vail had 1.75 million skier visits for the season, up 9.2 percent, or 150,000, from the previous year.
Look to http://www.sierrasun.com Friday for more to this story.