Sports & Recreation  September 29, 2022

Vail more than doubles income in 2022

BROOMFIELD — Vail Resorts Inc. (NYSE: MTN) reported Wednesday a 172% increase in income for the 2022 fiscal year, to $347.9 million from $127.9 million in 2021.

Revenue for the fiscal year increased by 32.4%, to $2.52 billion from $1.9 billion. 

In a news release announcing the earnings, the company attributed the increase in revenue and income to the end of the COVID-19 pandemic. 

Vail also reported a 6% increase in season pass sales. 

The company also last month closed on the acquisition of a majority stake in the Andermatt-Sendrun resort in Switzerland, Vail’s first European ski resort.

Vail projects to earn between $321 million and $396 million in the 2023 fiscal year.

BROOMFIELD — Vail Resorts Inc. (NYSE: MTN) reported Wednesday a 172% increase in income for the 2022 fiscal year, to $347.9 million from $127.9 million in 2021.

Revenue for the fiscal year increased by 32.4%, to $2.52 billion from $1.9 billion. 

In a news release announcing the earnings, the company attributed the increase in revenue and income to the end of the COVID-19 pandemic. 

Vail also reported a 6% increase in season pass sales. 

The company also last month closed on the acquisition of a majority stake in the Andermatt-Sendrun resort in Switzerland, Vail’s first European ski resort.

Vail projects to earn between $321 million…

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