American Skiing Company’s 2005 fiscal year revenue fell 2.7% to $276.5 million, compared with $284.1 million in fiscal 2004, primarily due to shortfalls in real estate sales. Resort revenue grew 6.6% to $267.3 million versus $250.7 million for fiscal 2004. This was driven by price increases and increased skier visits at the company's resorts.

Lift ticket revenues climbed 7.3% to $120.8 million while ‘skier development revenues increased 6.8% to $24.3 million. American Skiing Company’s retail segment saw sales climb 8.2% for the year to $25.9 million. Sunday River, Attitash, Mount Snow, The Canyons, Killington, and Sugarloaf all reported increased skier visits for the year, with Sugarloaf and The Canyons leading the pack, while Steamboat reported a 3% decline. Company-wide, skier visits increased 2.6%.

The increased skier visits were not enough to offset operating expenses and the company’s net loss more than doubled to $73.3 million, or $2.31 per basic and diluted common share, compared with a net loss of $28.5 million, or 90 cents per basic and diluted common share, for fiscal 2004.