Six Flags bracing for roller coaster death fallout

• Company reports 34%25 drop in second-quarter income three days after Texas fatality
• Company is investigating the death of a woman who fell from a roller coaster
• Six Flags revenue dropped 3%25%3B guest spending rose 1%25

In an earnings call Monday, the CEO of amusement park operator Six Flags Entertainment said that the 14-story Texas Giant roller coaster from which a woman fell to her death Friday will remain closed until officials are assured it is safe to ride.

James Reid-Anderson's comments came as the company disappointed Wall Street, reporting a 34% drop in net income. The amusement park operator said it was hurt by prolonged wet weather which affected attendance at its Midwest and East coast parks.

Six Flag officials said they've seen no significant impact on attendance at its 16 U.S. theme parks so far. But Reid-Anderson acknowledged "there is a lag in reaction time'' after accidents and there could be a "short to medium-term attendance impact at the (Arlington, Tex.) park.''

"So far, there has been no significant impact" at the park,'' Reid-Anderson said.

Six Flag shares closed off 1.8% to $35.22.

Reid-Anderson said the company continues to investigate the death of the woman, identified by the Tarrant County medical examiner as 52-year-old Dallas resident Rosa Ayala-Goana. She died of multiple traumatic injuries on her first trip to the amusement park.

The Texas Giant, the world's tallest steel-hybrid roller coaster, is the park's biggest attraction. It opened in 1990 as a wood coaster before a $10 million renovation to steel-hybrid rails in 2011.

For the three-month period ended June 30, Six Flags said it earned $47.4 million, or 47 cents per share, down from $72.3 million, or 64 cents per share, in the year-ago quarter. Revenue fell 3% to $363.7 million from $374.9 million, below consensus estimates of $370 million.

Wall Street analysts expected a 50 cent per share profit.

Income tax expense jumped to $32.4 million from $1.2 million, which was a key factor in lower earnings for the quarter. Guest spending rose 1%.

Contributing: The Associated Press