8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) October 6, 2008

                                 Six Flags, Inc.
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                   (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
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                       (State or Other Jurisdiction of Incorporation)

        1-13703                                           13-3995059
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(Commission File Number)                       (IRS Employer Identification No.)

       1540 Broadway, 15th Floor
           New York, New York                                           10036
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(Address of Principal Executive Offices)                              (Zip Code)

                                 (212) 652-9403
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              (Registrant's Telephone Number, Including Area Code)


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          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



Item 3.01   Notice of Delisting or Failure to Satisfy a Continued Listing Rule
            or Standard; Transfer of Listing.

      On October 6, 2008, Six Flags, Inc. (the "Company") was notified by the
New York Stock Exchange ("NYSE") that the Company is not in compliance with the
NYSE's continued listing criteria under Section 802.01C of the NYSE Listed
Company Manual because the average closing price of the Company's common stock
has been less than $1.00 for 30 consecutive trading days.

      Under applicable NYSE rules, the Company must bring its share price and
average share price back above $1.00 within six months. If the trading average
does not sufficiently improve, the Company intends to consider all available
alternatives, including, among other things, a reverse stock split. If the
Company decides to cure the deficiency by seeking stockholder approval of a
reverse stock split, it must do so no later than the 2009 annual meeting, which
is scheduled for May 2009.

      On October 2, 2008, the Company issued a press release announcing that it
was not in compliance with the continued listing standards relating to minimum
share price. A copy of the press release issued by the Company is included as an
exhibit to and incorporated by reference in this Current Report on Form 8-K.

Item 9.01   Financial Statements and Exhibits.

      (d)   Exhibits

            99.1 Press Release of Six Flags, Inc., dated October 2, 2008.



                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                        SIX FLAGS, INC.


                                        By: /s/ James M. Coughlin
                                            ------------------------------------
                                            Name: James M. Coughlin
                                            Title: General Counsel

Date: October 10, 2008



                                  EXHIBIT INDEX

                                                                   Paper (P) or
Exhibit No.                      Description                      Electronic (E)
- -----------   -------------------------------------------------   --------------

     99.1     Press Release of Six Flags, Inc., dated October           E
              2, 2008.

EX-99.1

                                                                    EXHIBIT 99.1

                                [SIX FLAGS LOGO]

                  SIX FLAGS STATEMENT REGARDING NEW YORK STOCK
                           EXCHANGE LISTING STANDARDS

New York, NY - October 2, 2008 -- Six Flags, Inc. (NYSE: SIX) announced today
that it is not in compliance with the continued listing standards of the New
York Stock Exchange ("NYSE") because the thirty-day average closing price of the
Company's common stock was less than $1.00. Under applicable NYSE rules, the
Company generally has six months to cure the deficiency. The Company's common
stock will remain listed on the NYSE in the interim. If the trading average does
not sufficiently improve, the Company intends to consider all available
alternatives, including, among other things, a reverse stock split. If the
Company decides to cure the deficiency by seeking stockholder approval of a
reverse stock split, it must do so no later than the 2009 annual meeting, which
is scheduled for May 2009. Failure to be listed on the NYSE does not constitute
a default under any of the Company's debt instruments.

Mark Shapiro, President and Chief Executive Officer said: "Many companies are
facing challenges in today's volatile economic climate and Six Flags is no
exception. As we move closer to the redemption date of our preferred stock
instruments in August of next year, uncertainty about the Company's ability to
refinance these obligations in light of the overall market conditions has put
negative pressure on our stock. We believe that our improved performance and
cash flows will be key to repositioning the Company for long-term growth."

The Company reiterated the alternatives it has available to address the August
15, 2009 mandatory redemption of the Preferred Income Equity Redeemable Shares
("PIERS"). Subject to potential Delaware law restrictions on dividends and
redemptions, these alternatives include a refinancing, exchange or extension of
the PIERS, as well as the use of an uncommitted optional term loan, asset sale
proceeds and New Orleans insurance claim proceeds. The Company continues to have
discussions with PIERS holders regarding potential PIERS restructuring
alternatives.

The Company previously announced that revenues for its third quarter through
August 12, 2008 had increased approximately 7.6%, or $23.5 million, over the
prior-year period on fewer park operating days. The revenue increase was
attributable to attendance growth of 5.1%, or 407,000, to 8.43 million guests
and a 2.4%, or $0.92, increase in total revenue per capita to $39.55. However,
as also previously released, the Company's full third quarter results will
reflect the loss of two full park operating days compared to the prior-year
quarter. The Company expects to recover lost attendance from those days in the
fourth quarter, including the benefit of a favorable Halloween season calendar
with the holiday falling on a Friday this year compared to a Wednesday in 2007.

The Company also announced that, as of September 30, 2008, no amounts were drawn
under its $275 million working capital revolving facility (excluding
approximately $28.8 million in letters of credit). The Company believes that
based on amounts available under this facility, together with available cash, it
has ample liquidity to fund its off-season capital expenditures and operating
expenses for the 2009 season.

The Company will host a teleconference for analysts at 9:00 EST on November 10,
2008 to announce the Company's third quarter results and performance through
October 2008. Participants in the call will include President and Chief
Executive Officer, Mark Shapiro, and Executive Vice President and Chief
Financial Officer, Jeffrey R. Speed.

The teleconference will be broadcast live to all interested persons as a
listen-only Web cast on http://investors.sixflags.com/. The Web cast will be
archived for one year.

About Six Flags

Six Flags, Inc. is the world's largest regional theme park company with 20 parks
across the United States, Mexico and Canada. Founded in 1961, Six Flags has
provided world class entertainment for millions of families with cutting-edge,
record-shattering roller coasters and appointment programming and special events
such as the weekly Summer Concert Series, FrightFest and Holiday in the Park.
Now 47 years strong, Six Flags is recognized as the preeminent thrill innovator
while reaching to all demographics -- families, teens, tweens and thrill seekers
alike -- with themed attractions based on the Looney Tunes characters, the
Justice League of America, skateboarding legend Tony Hawk, The Wiggles and
Thomas the Tank Engine. Six Flags, Inc. is a publicly-traded corporation
(NYSE:SIX) headquartered in New York City.

Forward Looking Statements:

The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act. These statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such statements.
These risks and uncertainties include, among others, Six Flags' success in
implementing its new business strategy. Although Six Flags believes that the
expectations reflected in such forward-looking statements are reasonable, it can
give no assurance that such expectations will prove to have been correct.
Important factors, including factors impacting attendance, such as local
conditions, events, disturbances and terrorist activities, risk of accidents
occurring at Six Flags' parks, adverse weather conditions, general economic
conditions (including consumer spending patterns), competition, pending,
threatened or future legal proceedings and other factors could cause actual
results to differ materially from Six Flags' expectations. Reference is made to
a more complete discussion of forward-looking statements and applicable risks
contained under the captions "Cautionary Note Regarding Forward-Looking
Statements" and "Risk Factors" in Six Flags' Annual Report on Form 10-K for the
year ended December 31, 2007, which is available free of charge on Six Flags'
website http://www.sixflags.com.

                                      # # #

Media Contact: Sandra Daniels - (212) 652-9360
Investor Relations: William Schmitt - (203) 682-8200