Vail Resorts Shares Decline Due to Park City Strike Issues

Investing.com -- Vail Resorts Inc (NYSE:MTN) shares fell 6% on Monday, marking the largest intraday decline for the company in over three months. This drop occurred during a period when the ski resort operator is grappling with an ongoing ski patrol strike at its Park City Mountain location.

The Park City Professional Ski Patrol Association has been on strike for unfair labor practices since December 27, demanding better wages and working conditions. Supporters have been urged to refrain from spending at Vail Resorts facilities during the strike.

According to a report by NPR member KPCW based on a press release from the union on January 1, the ski patrol union and Vail Resorts have yet to reach a contract agreement despite recent negotiations.

The ongoing dispute has placed additional pressure on Vail Resorts, with the stock poised for its fifth consecutive session of decline. This would represent the longest losing streak the company has faced since April. The ongoing strike and lack of a new contract indicate challenges in resolving the labor dispute, contributing to investor concerns.