Sales of season passes off to promising start for upcoming season
Shares in Vail Resorts, one of the world’s largest ski resort businesses, opened higher in early trade at the New York Stock Exchange after it reported a jump in profit amid an easing impact of Covid-19 in the U.S. this year.
The increase in income “is primarily due to the greater impact of Covid-19 and related limitations and restrictions on results in the prior year,” Vail said in a statement. Shares rose by 2% in early trading today to $250. 61 from Thursday’s $245.50 close. They had plunged by 51% from a recent high of $372.51 on Nov. 5.
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