BUSINESS

Activist investor group that includes Travis Kelce aims to revive struggling Six Flags

An investor group that includes Jana Partners and NFL player Travis Kelce said it holds a roughly 9% economic interest in Six Flags and will engage management and the board on boosting shareholder value and improving the guest experience. Shares jumped 17.7% on the announcement but remain down 47% this year. The park operator posted a $319.4 million first-half loss, with attendance down 9% in the three months ended June 29 amid bad weather and a "challenged consumer." The group also includes Glenn Murphy and Dave Habiger; Kelce said he grew up visiting Six Flags.

Reviewed by JQJO team

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