Vail Resorts

“Vail Resorts is basically saying for a thousand dollars a year, you can get access to 40 of the most beautiful mountains on earth. And get to me that, that value exchange is like such a great trade for the average consumer that it's has to be frustrating runni…”

“Even at this level of scale and owning the entire industry, I look at it and I say this is a business, this is a labor of love, right? This is not the business that you get into because you just care about Generating cash.”

“In January of 2025, they got in hot water after a ski patrol strike led to massive lines at lifts during the peak season.”

“Twenty-twenty-two, they had three hundred and seventy million of net income. In twenty-twenty-three, they went down to two 85. And then in twenty-twenty-four, they had two 45, 2:46.”

“So the Lyft, Lyft-related revenue mix, in 2008, it was 26% passes. In twenty-twenty-two, it was 62% passes.”

“Vail, as a whole, across all 42 mountains, the lift revenue was 1.4 billion, and the labor and labor-related benefits was seven hundred and thirty million. And so it's by far their biggest cost twice their GNA, twice their other.”