Ticker: Ski visits hit record high for 2021-22 season; Saudi oil profits jump 80%

The 2021-2022 ski season broke a record for the total number of skier visits to resorts across the country.

The national figure of 61 million skier visits was up 3.5% from the previous season, according to the National Ski Area Association.

“This record attendance indicates that the ski industry in the United States is in good health and that the demand for outdoor recreation remains strong. There were signs of this during the 2020-21 season as the realities of the Covid-19 pandemic caused more people to seek outdoor activities,” the association said in a statement.

Across the country, the Rocky Mountain region reported a record number of skier visits at 25.2 million, while the Northeast, Midwest and Pacific Southwest all saw increases from the 2020-2021 season, according to the association.

The national total of skier visits breaks the previous record of 60.5 million set in the 2010-2011 season.

Saudi oil profits jump 80%

Oil giant Saudi Aramco said on Sunday its profits soared more than 80% in the first three months of the year.

Windfall first-quarter earnings from the company formerly known as Saudi Arabian Oil Co., which overtook Apple as the world’s most valuable company last week, show record net profit of $39.5 billion , up from $21.7 billion in the same period last year.

Oil prices hit a 14-year high of $139 a barrel in March immediately after Russia invaded Ukraine. International benchmark Brent traded above $111 a barrel on Sunday.

Shares of Aramco jumped 1.85% on the earnings report on Sunday, with a share priced at 41.40 Saudi riyals, or $11.04 on the Tadawul stock market.

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