Vail Resorts stock falls amid Park City strike woes

Investing.com -- Shares of Vail Resorts Inc (NYSE:MTN ) tumbled by 6% on Monday, marking the company's most significant intraday drop in over three months.

The decline comes as the ski resort operator grapples with an ongoing ski patrol strike at its Park City (NYSE:TRAK ) Mountain location.

The Park City Professional Ski Patrol Association, which has been on an unfair labor practice strike since December 27, is pushing for improved wages and working conditions. They have urged supporters to refrain from spending at Vail Resorts properties during the strike.

Despite recent negotiations, the ski patrol union and Vail Resorts have not yet reached a contract agreement, according to a report by NPR affiliate KPCW on January 1, which cited a press release from the union.

The current dispute has placed additional pressure on Vail Resorts, with the stock poised for its fifth consecutive session of losses. This would represent the longest streak of declines the company has faced since April.

The ongoing strike and the lack of a new contract suggest difficulties in resolving the labor dispute, contributing to investor concerns.

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Source: Investing.com