Barely two months after announcing it was suspending its dividend payout, SeaWorld has revealed a huge drop in profits in its third quarter results with income falling to 66m dollars. Chief executive, Joe Manby, also announced a further $65m cost cutting excercise as the company attempts to turn around its financial fortunes.
The company continues to struggle to deal with the public backlash against keeping orcas in tanks for entertainment, despite plans to end its orca breeding programme and revamp its shows. The orcas that SeaWorld holds captive remain in small tanks and in addition, SeaWorld holds many other dolphins and beluga whales that seem to have been forgotten.
Read the original article on WDC.
