Business is typically booming at theme parks over the summer. This year, the weather has consistently put a damper on operations.
As a result, it’s driving down traffic at popular theme parks around the country. Unfortunately, with Tropical Storm Hilary bringing heavy rain and the possibility of significant flooding to California and Nevada, these theme park operators might not be out of the woods just yet.
Bad conditions, from excessive rainfall, high temperatures and smoke deriving from the Canadian wildfires, was a “clear driver of traffic weakness” for Six Flags Entertainment, SeaWorld Entertainment and Cedar Fair during the second quarter, according to research note from Macquarie analysts Paul Golding and Emma Liang.
During a recent earnings call, Six Flags Entertainment CEO Selim Bassoul said the company lost “almost 400,000 in attendance.”
CFO Gary Mick added that the company’s attendance growth fell short of expectations due to challenging weather, which consisted of “unusually high rainfall in the Northeast, combined with a record heat wave in the South.”
Mick further noted that it’s “hard to make up for the lost revenue in the first half.” In fact, moving forward, Mick said the company needs “to have fairly good weather to collect what was hampered by the weather in the first half.”
The company, according to Mick, has plans to look at adding more indoor venues, more air-conditioned venues and more air-conditioned restaurants.
Bassoul also noted that the company is still seeing “promising trends despite weather challenges.” Pass sales are strong, and attendance trends are improving, he said.
Cedar Fair CEO Richard Zimmerman said unprecedented rainfall and extreme temperatures had plagued its East Coast parks as well as California parks earlier in the season.
“The persistent rainfall meaningfully disrupted demand over the first half of the year as well as sales of 2023 passes, which will continue to be a headwind on attendance over the balance of the year,” Zimmerman said.
The chief executive also noted that cooler-than-normal temperatures had a major impact on attendance at four of the company’s stand-alone water parks in Texas, including Cedar Point Shores, Knott’s Soak City and two Schlitterbahn water parks.
He also said attendance was hurt at Canada’s Wonderland and several of other U.S. parks due to “public health concerns over poor air quality caused by the ongoing Canadian wildfires.”
Still, the company noted that “while demand challenges have been persistent in certain key markets, most notably in California, our solid performance at parks operating under normal conditions underscores the resilience of our business model,” he added.
SeaWorld CEO Marc Swanson said the combination of unusually hot and cold weather, rain and the fallout from Canadian wildfires “impacted most of our markets during the quarter.”
CFO Jim Forrester said revenue in the quarter fell 1.7 percent to $496 million when compared to the same period a year ago, which he attributes to the “decrease in attendance of 2 percent.”
That said, Swanson reported that the company is “planning new initiatives for the balance of this year and next year that will make us an even stronger, more profitable and more resilient business.”
“We have high confidence in the plans we are executing on today and for the future and in our ability to deliver substantial operational and financial improvements that will lead to meaningful increases in shareholder value,” he said.
In common with many parents across the country, here’s a conversation that I have with my young daughter on a semi-regular basis (bear with me, this will take on some political relevance eventually).
Me: “So it’s 15 minutes until your bedtime, you can either have a little bit of TV or do a jigsaw, not both.”
Daughter: “Ummmm, I want to watch TV.”
Me: “That’s fine, but it’s bed after that, you can’t do a jigsaw as well.”
Fast-forward 15 minutes.
Me: “Right, TV off now please, bedtime.”
(Pause)
Daughter: “I want to do a jigsaw.”
Now replace me with the government, the TV and jigsaw options with axing welfare cuts and scrapping the two-child cap, and my daughter with rebellious backbenchers.
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6:36
Rachel Reeves’s fiscal dilemma
That is the tension currently present between Downing Street and Labour MPs. And my initial ultimatum is the messaging being pumped out from the government this weekend.
In essence: you’ve had your welfare U-turn, so there’s no money left for the two-child cap to go as well.
As an aside – and before my inbox fills with angry emails lambasting me for using such a crude metaphor for policies that fundamentally alter the lives of some of the most vulnerable in society – yes, I hear you, and that’s part of my point.
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9:11
Welfare U-turn ‘has come at cost’
For many in Labour, this approach feels like the lives of their constituents are being used in a childish game of horse-trading.
So what can be done?
Well, the government could change the rules.
Altering the fiscal rules is – and will likely remain – an extremely unlikely solution. But as it happens, one of Labour’s proverbial grandparents has just popped round with a different suggestion.
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5:31
Welfare: ‘Didn’t get process right’ – PM
A wealth tax, Lord Neil Kinnock says, is the necessary outcome of the economic restrictions the party has placed on itself.
Ever the Labour storyteller, Lord Kinnock believes this would allow the government to craft a more compelling narrative about whose side this administration is on.
That could be valuable, given one of the big gripes from many backbench critics is that they still don’t really understand what this prime minister stands for – and by extension, what all these “difficult decisions” are in aid of.
The downside is whether it will actually raise much money.
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16:02
Is Corbyn an existential risk to Labour?
The super-rich may have lots of assets to take a slice from, but they also have expensive lawyers ready to find novel ways to keep their client’s cash away from the prying eyes of the state.
Or, of course, they could just leave – as many are doing already.
In the short term, the future is a bit easier to predict.
If Downing Street is indeed now saying there is no money to scrap the two-child cap (after heavy briefing in the opposite direction just weeks ago), an almighty tantrum from the backbenches is inevitable.
And as every parent knows, the more you give in, the harder it becomes to hold the line.
Questions have been raised over extreme weather warnings in Texas, after heavy rain caused fatal flash floods along the Guadalupe River.
At least 51 people have died from the flooding in Texas, with an unknown number of people – including 27 girls from Camp Mystic in Kerr County – still missing.
As rescue teams continue to search for the missing, local and federal officials have come under fire over their flood preparations and about why those along the river weren’t warned of the risks sooner.
Image: A map showing the Guadalupe River in Kerr County, which burst from heavy rain and caused flash flooding
Image: Campers embrace at a reunification area. Pic: Jason Fochtman/Houston Chronicle via AP
What happened?
As much as 10ins (25cm) of heavy rain fell in just a few hours overnight in central Kerr County on Friday, causing the banks of the Guadalupe River to burst at around 4am local time.
Homes and vehicles were swept away by the downpour – equivalent to months’ worth of rain – while 27 girls staying at Camp Mystic, a Christian summer camp along the river, went missing when the fast-rising floodwaters hit.
The death toll stands at: • At least 43 people, including 15 children and 28 adults, in Kerr County, • One person in Kendall County, • At least four people in Travis County, • At least two in Burnet County, • And one person in the city of San Angelo.
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1:20
House sweeps away in flash floods
What flood warnings were there?
Private forecasting company AccuWeather said it and the National Weather Service (NWS) sent warnings about potential flash flooding hours before it began, urging people to move to higher ground and evacuate flood-prone areas.
The NWS also issued flash flood emergencies – a rare alert notifying of imminent danger – at 4.23am local time.
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In a statement, AccuWeather said that “these warnings should have provided officials with ample time to evacuate camps such as Camp Mystic and get people to safety”.
It also called Texas Hill County one of the most flash-flood-prone areas of the US because of its terrain and many water crossings.
However, chief of the Texas Division of Emergency Management Nim Kidd said that one NWS forecast earlier in the week had called for up to six inches of rain.
“It did not predict the amount of rain that we saw,” he said.
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3:35
Texas searches for missing children
Were they enough?
Locals have told various news agencies that while there had been phone alerts late into the night, forecasts headed into Friday evening did not predict the extreme conditions.
Christopher Flowers, who was staying at a friend’s house along the river when the flooding started, told the Reuters news agency: “What they need is some kind of external system, like a tornado warning that tells people to get out now.”
Kerrville resident Darryl Huffman told Sky’s US partner network NBC News that he did not believe the storm would pose such danger before its arrival.
“I looked out the window and it was barely sprinkling outside,” he said, “so I had no indication that the river was going to be right outside my driveway”.
Image: People climb over debris on a bridge atop the Guadalupe River in Ingram, Texas. Pic: AP
Image: A Sheriff’s deputy pauses while searching for the missing in Hunt, Texas. Pic: AP/Julio Cortez
Jonathan Porter, chief meteorologist at AccuWeather, said it appeared evacuations and other proactive measures could have been undertaken to reduce the risk of fatalities.
He said in a statement: “People, businesses, and governments should take action based on Flash Flood Warnings that are issued, regardless of the rainfall amounts that have occurred or are forecast.”
Separately, the NWS’s union told NBC News the agency’s offices in central Texas were well-staffed and had issued timely warnings, “giving preliminary lead times of more than three hours before warning criteria were met”.
What have officials said?
Local and federal officials have said they had not expected such an intense downpour of rain and insisted that no one saw the flood potential coming.
Kerr County Judge Rob Kelly, the county’s top elected official, said: “We know we get rain. We know the river rises. But nobody saw this coming.”
“We have floods all the time. This is the most dangerous river valley in the United States,” he said, adding: “We had no reason to believe this was going to be anything like what’s happened here. None whatsoever.”
Mr Kelly separately noted that while the county considered a flood warning system along the river that would have functioned like a tornado warning siren about six or seven years ago, “the public reeled at the cost”.
At a news conference with the Texas governor, Homeland Security secretary Kristi Noem said on Saturday that “everybody knows that the weather is extremely difficult to predict” before saying “we have all wanted more time and more warning and more alerts and more notification” from the NWS.
She said a “moderate” flood watch issued on Thursday by the NWS had not accurately predicted the extreme rainfall and said the Trump administration was working to upgrade their technology.
Image: Kristi Noem and Texas governor Greg Abbott give a news briefing. Pic: AP
Will forecasting get better?
While Ms Noem said technology for the NWS would be upgraded, the White House has previously been criticised after Donald Trump‘s administration ordered 800 job cuts at the National Oceanic and Atmospheric Administration (NOAA) – the parent organisation of the NWS.
A 30% cut to its budget is also in the pipeline, subject to approval by Congress.
Professor Costa Samaras, who worked on energy policy at the White House under President Joe Biden, said NOAA had been in the middle of developing new flood maps for neighbourhoods and that cuts to NOAA were “devastating”.
Astronomers have discovered the third interstellar comet to pass through our solar system. Named 3I/ATLAS (initially A11pl3Z), it was first spotted July 1 by the ATLAS telescope in Chile and confirmed the same day. Pre-discovery images show it in the sky as far back as mid-June. The object is racing toward the inner system at roughly 150,000 miles per hour on a near-straight trajectory, too fast for the Sun to capture. Estimates suggest its nucleus may be 10–20 km across. Now inside Jupiter’s orbit, 3I/ATLAS will swing closest to the Sun in October and should remain observable into late 2025.
Discovery and Classification
According to NASA, in early July the ATLAS survey telescope in Chile spotted a faint moving object first called A11pl3Z, and the IAU’s Minor Planet Center confirmed the next day that it was an interstellar visitor. The object was officially named 3I/ATLAS and noted as likely the largest interstellar body yet detected. At first it appeared to be an ordinary near-Earth asteroid, but precise orbit measurements showed it speeding at ~150,000 mph – far too fast for the Sun to capture. Astronomers estimate 3I/ATLAS spans roughly 10–20 km across. Signs of cometary activity – a faint coma and short tail – have emerged, earning it the additional comet designation C/2025 N1 (ATLAS).
Studying a Pristine Comet
3I/ATLAS was spotted well before its closest approach, giving astronomers time to prepare detailed observations. It will pass within about 1.4 AU of the Sun in late October. Importantly, researchers can study it while it is still a pristine frozen relic before solar heating alters it. As Pamela Gay notes, discovering the object on its inbound leg leaves “ample time” to analyze its trajectory. Astronomers are now racing to obtain spectra and images – as Chris Lintott warns, the comet will be “baked” by sunlight as it nears perihelion.
Determining its composition and activity is considered “a rare chance” to learn how planets form in other star systems. With new facilities like the Vera C. Rubin Observatory coming online, researchers expect more such visitors in the years ahead. 3I/ATLAS offers a rare chance to study material from another star system.