Six Flags(US:SIX)2021-02-25 21:26Impact of COVID-19 - The company reported a significant impact from the COVID-19 pandemic, affecting attendance and operations across its parks[12] - The company faces risks related to attendance fluctuations due to local conditions and potential health crises[13] Strategic Plans and Profitability - The company anticipates improvements in operating results and profitability through a new strategic plan, including cost reductions and organizational changes[12] - The company is focused on increasing profitability through a transformation plan, aiming for an incremental annual run-rate Adjusted EBITDA[12] Capital Enhancements and Initiatives - The company expects to roll out capital enhancements and planned initiatives in a timely and cost-effective manner, with anticipated benefits and results[12] - The company is addressing potential construction delays in capital improvements and competition from other entertainment alternatives[18] Risk Management - The company highlighted the importance of having parks in various geographical locations to mitigate risks from adverse weather and other events[12] - The company is actively monitoring compliance with laws and regulations, which may impact operational costs and business strategies[12] Employee Programs - The company is committed to enhancing employee recruitment and retention programs to support operational needs[12] Financial Evaluation - The company is evaluating its liquidity needs and cash flow adequacy in light of potential prolonged park closures[12]