According to published reports, Mad River Glen projects an annual loss of $200,000 for the 2006-07 season. Critical to the projection is the expectation that February and March would be on budget. While the second half of February was stellar, the month started with decreased operations, furloughed employees and frequent closures. March expectations are for increased day ticket sales over March 2006.As was previously mentioned, the resort’s affinity card and season pass sales revenue were significantly below expectations, even with the largest season pass price increase in the industry. Unit sales were down 30% over 2005-06 levels.