Podcast #215: Alterra CEO Jared Smith

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Who

Jared Smith, Chief Executive Officer of Alterra Mountain Company

Recorded on

October 22, 2025

About Alterra Mountain Company

Alterra is skiing’s Voltron, a collection of super-bots united to form one super-duper bot. Only instead of gigantic robot lions the bots are gigantic ski areas and instead of fighting the evil King Zarkon they combined to battle Vail Resorts and its cackling mad Epic Pass. Here is Alterra’s current ski-bot stable:

Alterra of course also owns the Ikon Pass, which for the 2025-26 winter gives skiers all of this:

Ikon launched in 2018 as a more-or-less-even competitor to Epic Pass, both in number and stature of ski areas and price, but long ago blew past its mass-market competitor in both:

Those 89 total ski areas include nine that Alterra added last week in Japan, South Korea, and China. Some of these 89 partners, however, are so-called “bonus mountains,” which are Alterra’s Cinderellas. And not Cinderella at the end of the story when she rules the kingdom and dines on stag and hunts peasants for sport but first-scene Cinderella when she lives in a windowless tower and wears a burlap dress and her only friends are talking mice. Meaning skiers can use their Ikon Pass to ski at these places but they are not I repeat NOT on the Ikon Pass so don’t you dare say they are (they are).

While the Ikon Pass is Alterra’s Excalibur, many of its owned mountains offer their own season passes (see Alterra chart above). And many now offer their own SUPER-DUPER season passes that let skiers do things like cut in front of the poors and dine on stag in private lounges:

These SUPER-DUPER passes don’t bother me though a lot of you want me to say they’re THE END OF SKIING. I won’t put a lot of effort into talking you off that point so long as you’re all skiing for $17 per day on your Ikon Passes. But I will continue to puzzle over why the Ikon Session Pass is such a very very bad and terrible product compared to every other day pass including those sold by Alterra’s own mountains. I am also not a big advocate for peak-day lift ticket prices that resemble those of black-market hand sanitizer in March 2020:

Fortunately Vail and Alterra seem to have launched a lift ticket price war, the first battle of which is The Battle of Give Half Off Coupons to Your Dumb Friends Who Don’t Buy A Ski Pass 10 Months Before They Plan to Ski:

Alterra also runs some heli-ski outfits up in B.C. but I’m not going to bother decoding all that because one reason I started The Storm was because I was over stories of Bros skiing 45 feet of powder at the top of the Chugach while the rest of us fretted over parking reservations and the $5 replacement cost of an RFID card. I know some of you are like Bro how many stories do you think the world needs about chairlifts but hey at least pretty much anyone reading this can go ride them.

Oh and also I probably lost like 95 percent of you with Voltron because unless you were between the ages of 7 and 8 in the mid-1980s you probably missed this:

One neat thing about skiing is that if someone ran headfirst into a snowgun in 1985 and spent four decades in a coma and woke up tomorrow they’d still know pretty much all the ski areas even if they were confused about what’s a Palisades Tahoe and why all of us future wussies wear helmets. “Damn it, Son in my day we didn’t bother and I’m just fine. Now grab $20 and a pack of smokes and let