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UPDATE: Could American Airlines move its headquarters?

A key linchpin in the Fort Worth economy, American Airlines Group Inc., is considering sites for a new headquarters, possibly outside the city, the airline’s CEO said this morning.

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Crestwood area hoping to block planned office building

Residents of West Fort Worth’s Crestwood Association are trying to block the rezoning of a small apartment complex at White Settlement Road and North Bailey Avenue to make way for a planned office building, saying it would represent the start of commercial encroachment into their neighborhood.

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Tiger Woods takes a swing at Fort Worth's Dan Jenkins - in print anyway

Rarely does Golf Digest make the news. Leave it to Dan Jenkins to change that.

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Great Women of Texas honored

The Fort Worth Business Press held the Great Women of Texas event Wednesday night at the Omni Fort Worth Hotel. Stacie McDavid of McDavid Investments was honored as the

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Grocers, retailers flocking to Southlake

With its economic development engine revving at full throttle, Southlake is about to welcome several major retail and commercial projects that underscore its image

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Six Flags earnings grow $13M in first-half 2013
 
A. Lee Graham
Reporter
 
Six Flags Entertainment Corp. of Grand Prairie has announced a record $451 million in revenue for the first six months of 2013, representing a $10 million, or 2 percent, increase over the same period a year earlier.
After adjusting 2012 for $3 million of insurance proceeds related to Hurricane Irene, the percentage increases to 3 percent.
Adjusted earnings before interest, taxes, depreciation and amortization for the same six-month period was $100 million, a $13 million – or 15 percent – increase after adjusting for insurance proceeds and the 2012 sale of the company's minority interest in a non-core company investment.
"I am pleased with our record year-to-date financial performance, despite cooler temperatures and unprecedented levels of precipitation at our Eastern and Midwestern parks during the second quarter," said chairman, president and CEO Jim Reid-Anderson in a news release.
"Our exciting new attractions and all-time high guest-satisfaction ratings have propelled our performance to new highs,” said Reid-Anderson, who said the company is “on track” to deliver $500 million of modified earnings before interest, taxes, depreciation and amortization, or about $3 of cash earnings per share, by 2015.
Total guest spending per capita grew 46 cents, or 1 percent, in the second quarter to $39.52, with admissions revenue per capita increasing 61 cents, or 3 percent, to $22.59 and in-park revenue per capita decreasing 15 cents, or 1 percent, to $16.93. In the first six months of the year, total guest spending per capita grew 36 cents, or 1 percent, to $39.74, with admissions revenue per capita increasing 56 cents, or 3 percent, to $22.62 and in-park revenue per capita decreasing 20 cents, to $17.12. Attendance for the first six months increased 1 percent to 10.7 million guests.
Six Flags Entertainment Corp. operates 18 parks across the United States, Mexico and Canada. More information is available at www.sixflags.com.
 
lgraham@bizpress.net

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