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BRIEF-Vail Resorts Provides Update On Season Pass Plans

Published 2020-04-27, 09:23 a/m

April 27 (Reuters) - Vail Resorts Inc MTN.N :

* VAIL RESORTS PROVIDES UPDATE ON SEASON PASS PLANS FOR THE 2020/2021 NORTH AMERICAN SKI SEASON

* VAIL RESORTS INC - PROVIDING CREDITS TO 2019/2020 SEASON PASS HOLDERS TO APPLY TOWARD PURCHASE OF A 2020/2021 SEASON PASS

* VAIL RESORTS INC - APPROXIMATELY $118 MILLION OF DEFERRED SEASON PASS REVENUE FROM REMAINDER OF 2020 WILL NOW BE RECOGNIZED IN Q2 & Q3 FISCAL 2021

* VAIL RESORTS - DEFERRED SEASON PASS REVENUE TO RESULT IN REDUCTION IN LIFT REVENUE & RESORT REPORTED EBITDA IN 2020 OF ABOUT $118 MILLION & ABOUT $115 MILLION, RESPECTIVELY

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