ASC Posts Increased Third Quarter Income
American Skiing Company had some good news to report today: its third-quarter earnings were more than triple last year's figure.
The owner of Vermont's Killington and Mount Snow resorts posted net income of $26.4 million for the quarter ended April 28. That compared with $7.2 million dollars in the same period last year, when earnings were lowered by a number of one-time charges.
American Skiing says total skier visits were off by nearly 5%, partly because of concerns about air travel after September 11.