Vail Resorts Affirms Its Ski Season Outlook and Announces an Aggressive Spending Plan

The fiscal first quarter is usually a quiet one for resort giant Vail Resorts (NYSE: MTN), since most of its properties aren't open for ski operations. And, sure enough, the company this week posted a net loss for the period as revenue came in at just a small fraction of its winter quarter peak.

Yet Vail Resorts' quarterly announcement was packed with important news for investors, including season pass sales figures, an updated operating forecast from the management team, and new plans to pour cash into upgrades at its new Canadian property, Whistler Blackcomb.

Image source: Getty Images.

Source: Fool.com