News Roundup: Vail Numbers

  • Vail Resorts has sold 850,000 season passes as of September 18th, an 18 percent increase compared to last year at this time.
  • CEO Rob Katz assures skiers reservations should be widely available for most resorts on most days.
  • Vail lost $153.6 million in the quarter ended July 31st compared with an $89.5 million loss in the same period last year.
  • For the full fiscal year 2020, Vail reported a net income of $98.8 million, a decrease of 67.2 percent.
  • The company also recently cut 410 jobs.
  • Regarding capital projects and the seven lift projects Vail postponed this year, Katz said on the conference call:

“We are of course going to be monitoring the season closely before we come out with any plan for calendar year 2021. We’ll make sure we’re incorporating what happened this year. We will likely still be in a conservative approach though hopefully not as conservative as last year because the environment around Covid and travel has all improved. We will definitely be prioritizing projects that we think will have a significant impact on the guest experience and certainly some of the projects that we deferred from last year will be top of the list.”

9 thoughts on “News Roundup: Vail Numbers

  1. skitheeast September 25, 2020 / 10:35 am

    If the gondola up LCC does not go through, I think a rail link up the canyon would be the best option, with the ability to build a tunnel at the end to extend it to BCC. Switzerland has shown the value of a rail connection to ski resorts, and it could easily be replicated in Utah. Regardless, any public transit up LCC would probably be best served if connected to TRAX.

    Liked by 1 person

    • Donald Reif September 25, 2020 / 1:27 pm

      The question in that case will still be “who wants to put up funding?” considering that a rail link would probably entail a lot of blasting work.

      Like

      • skitheeast September 25, 2020 / 2:55 pm

        There would really only need to be blasting if there was a BCC-LCC link. Otherwise, it would likely be at-grade the entire way, having to share right-of-way with roads and highways. Funding would definitely be an interesting question, as a rail line up the canyon would probably cost $400-$700 million while a line from the existing network to the base of the canyon would likely cost $400-$500 million.

        Like

  2. Jesse September 25, 2020 / 12:00 pm

    Winter park will take the haul rope off and replace it after Sunday when the bike park closes. Apparently it was never installed and spliced correctly, but did pass load testing.

    Like

      • Jesse September 25, 2020 / 3:11 pm

        The new gondola

        Like

        • Ryan September 25, 2020 / 11:43 pm

          The Gondola that replaced Zephyr express?

          Like

    • vons3 September 26, 2020 / 8:36 pm

      The rope on the gondola had a high strand (manufacturing defect), nothing to do with the install or splice.

      Like

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