This is worse than 2008. Pandemic stretching over two seasons AND bad weather on both coasts.No one will do major improvements this summer, it will take five years to recover from this, although in their last earnings conference call, they made it sound like they been through this in 08 and expanded after that and if they get a call would consider expanding again, depending on the ski resort, my gut tells me alterra is in worse shape since they are what 3 years old, all that debt, if they survive vail will also, along with boyne and powder.
Alterra is private so we have no idea. That said, they despite their crazy Ikon sales, they did not have cash to fix their snowmaking system at Solitude in a timely fashion and are WAY behind there in terms of terrain.
And I hate to see anyone go out of business, but it would not hurt my feelings of Ikon disappeared. It is ruining the ski experience out here.