May 8, 2008 / 7:49 PM / 12 years ago

UPDATE 1-Six Flags quarterly loss narrows, helped by Easter

(Adds earnings details)

NEW YORK, May 8 (Reuters) - Theme park operator Six Flags Inc (SIX.N) said on Thursday its quarterly loss narrowed slightly as the early Easter holiday boosted attendances.

The company reported a net loss of $149.9 million, or $1.62 per share, compared with a net loss of $170.6 million, or $1.86 per share in the year-ago period.

First-quarter revenue rose 35 percent to $68.2 million from $50.6 million in the year-ago quarter.

Analysts, on average, had expected a loss of $1.52 on revenue of $58 million, according to Reuters Estimates.

Six Flags’ shares fell 7.5 percent to $2.22 shortly before the close on the New York Stock Exchange.

Six Flags said it had $12.7 million in unrestricted cash as of March 31, and $131 million available from its $275 million revolving credit facility. (Reporting by Mark McSherry, editing by Richard Chang)

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