Photo courtesy Okemo.

Vermont Business Magazine Vail Resorts, Inc (NYSE: MTN) today reported a net income boost of over $75 million for the second quarter of fiscal 2022 as the impacts of COVID-19 restrictions subsided. In addition, Vail is providing ski season-to-date metrics through March 6, 2022. The owner of Okemo, Mount Snow and Stowe Mountain resorts in Vermont also announced that it was raising the minimum wage for all workers to an industry-leading $20 an hour.

2Q2022 Financial Highlights

• Net income attributable to Vail Resorts, Inc. was $223.4 million for the second fiscal quarter of 2022 compared to net income attributable to Vail Resorts, Inc. of $147.8 million in the same period in the prior year. The increase is primarily due to the greater impact of COVID-19 and related limitations and restrictions on results in the prior year. Net income attributable to Vail Resorts, Inc. in the second quarter of fiscal year 2020 was $206.4 million.
• Resort Reported EBITDA was $397.9 million for the second fiscal quarter of 2022, compared to Resort Reported EBITDA of $276.1 million for the second fiscal quarter of 2021. The increase is primarily due to the greater impact of COVID-19 and related limitations and restrictions on results in the prior year. Resort Reported EBITDA for the second quarter of fiscal year 2020 was $378.3 million.
• Results improved in January and February relative to results through the peak holiday period, with season-to-date total skier visits up...

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