Travis Kelce-backed $200 million Six Flags shares crash 14% to $10.20 after fatal roller coaster accident

Six Flags is facing fresh scrutiny after a fatal roller coaster accident in Georgia sent its shares tumbling to their lowest closing level since 2009. The death of a father at Six Flags Over Georgia has raised serious questions about ride safety, even as the company prepares to report its next earnings results. The tragedy also comes at a difficult time for the amusement park operator, which has struggled to regain investor confidence. Travis Kelce, who has ties to Six Flags as an ambassador and investor, adds another layer of public interest to the company's latest setback.Six Flags shares fall after fatal Goliath roller coaster accidentSix Flags shares suffered a sharp decline on Tuesday, October 13, after a visitor died on the Goliath roller coaster at Six Flags Over Georgia. The stock closed at $10.20, down around 14% for the day, while reports indicated an intraday decline of more than 16%. It marked the company's lowest closing price since 2009.The victim was identified as Hassan Jihad Ibn Kariem, a 42-year-old father and educator from the Atlanta area. He died on Monday after falling from Goliath, a 200-foot-tall roller coaster known for its high speeds and steep drops.According to local reports, Kariem was riding with his son while his wife and daughter watched from the ground. Witnesses described a horrifying scene as he fell from the ride. Authorities have not yet confirmed what caused the accident.The incident prompted Six Flags to temporarily close nine roller coasters across six parks while safety concerns were assessed. The company also expressed condolences to Kariem's family and said it was cooperating with local authorities investigating the death.“We are deeply saddened by the guest incident at our park today. Our thoughts and heartfelt condolences are with the guest’s family, friends, and loved ones. We are also providing support to the guests and team members affected,” a Six Flags Over Georgia spokesperson told The Post.“The park team and local authorities responded immediately, and we are cooperating fully with local authorities as they complete their investigation. Out of respect for the family’s privacy, we will not be sharing additional details at this time.”Travis Kelce's Six Flags connection comes amid investor concernsThe accident has added pressure to a company already facing financial challenges. Six Flags shares have lost roughly two-thirds of their value over the past three years, according to FactSet. The company's second-quarter earnings report in August also weighed on its stock, and investors are awaiting its next financial update on November 5.Travis Kelce's connection to Six Flags as an ambassador and investor may bring additional attention to the company's fortunes. However, there is no indication that Kelce is involved in the Georgia accident or its investigation.Activist investor Jana Partners has reportedly urged Six Flags to consider a potential sale, highlighting the pressure on management to improve performance.For now, the investigation into Kariem's death remains the central concern. The cause of the fall has not been established, and further findings could prove important for the park's safety practices and the company's future.Stay updated with the latest Asian Games 2026 news, check the Asian Games medal tally and complete Asian Games schedule.Get the latest Sports News and Live updates. Download the TOI app.