Six Flags spikes 12% on plans for first park reopening in June
stock leaped as much as 12% on Tuesday after the company announced its first park reopening will take place in early June.
The firm's Frontier City park in Oklahoma City will reopen on June 5 at limited capacity, Six Flags said in a Tuesday. Staff will use an online reservation system to manage attendance and employ temperature checks, touchless bag checks, and mobile food ordering to avoid unnecessary contact. The park will gradually roll back attendance limits throughout the month after an initial test period, Six Flags added.GOLDMAN SACHS: These are the 20 stocks hedge funds piled into most aggressively last quarter - and history suggests they're set for big gains
"Frontier City, like all Six Flags parks, is an outdoor attraction that poses a significantly lower risk of exposure than indoor venues. Our guests are not confined to one space for lengthy periods," Mike Spanos, CEO and president of Six Flags, said in a statement."Because our parks cover dozens or even hundreds of acres, we can easily manage guest throughput to achieve proper social distancing.
The company is the latest to reboot park operations after months of closure. Disney recently reopened part of its Orlando, Florida, location, while Universal Studios presented plans last week to bring its Florida park back online.Now read more markets coverage from Markets Insider and Business Insider:
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