Vail Resorts Jumps on Rising Pass Sales

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© Reuters. © Reuters. – Vail Resorts rallied on Friday as the rate of its pass sales for the upcoming winter season boosted investor confidence.

Vail Resorts (NYSE:) was up 4% in midday trade.

Pass sales were up 14%, while the company said FY19 results benefited from about $4 million from not owning Triple Peaks and Stevens Pass during August and September, when resorts operate at a loss.

The company said that it lost $2.22 per share, which was higher than expected, while revenue came in at $244 million.

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