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DENVER (AP) - Vail Resorts Inc. on Friday reported a 15 percent increase in third-quarter earnings as higher lift-ticket sales offset a dip in the number of skiers on its slopes during the challenging winter.
The major North American ski operator also reported higher revenue in its lodging and real estate operations.
The weather in the Rockies proved unpredictable this past winter with lower-than-average snowfall amounts recorded at all five company resorts, Chief Executive Officer Rob Katz said. Yet heavy snow in metropolitan Denver and along the Front Range thwarted skiers trying to reach the resorts.
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