DivestmentAug 5, 2026, 04:23 PM
Pursuit Attractions Divests Flyover for $75M; Q2 Net Income $15.17M
AI Summary
Pursuit Attractions & Hospitality, Inc. reported strong financial results for Q2 2026, with net income attributable to Pursuit increasing to $15.17 million and basic EPS rising to $0.55. The company also announced the completion of the divestment of its Flyover Attractions for approximately $75.0 million and the acquisition of Eagle Wing Tours for about $17.0 million, both occurring shortly after the quarter end. These strategic moves, alongside increased revenue and insurance proceeds, highlight active portfolio management and improved performance.
Key Highlights
- Completed the sale of Flyover Attractions for approximately $75.0 million in cash on July 31, 2026.
- Acquired Eagle Wing Tours for approximately $17.0 million on July 14, 2026.
- Q2 2026 total revenue increased to $133.49 million from $116.74 million in Q2 2025.
- Q2 2026 net income attributable to Pursuit rose to $15.17 million from $5.65 million in Q2 2025.
- Q2 2026 basic EPS was $0.55, up from $0.20 in Q2 2025.
- Received $4.8 million in business interruption insurance proceeds during Q2 2026.
- Recorded a $3.1 million impairment on Flyover Attractions assets held for sale.
Price Impact
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