The hidden side of politics

Disney parks took another big hit from Covid, but loosening pandemic restrictions offer hope for rebound

Reported by CNBC: 

People enter Disneyland Park as it reopens for the first time since the COVID 19 pandemic forced the park to shut down last year on April 30, 2021 in Anaheim, California.

David McNew | Getty Images

Disney took another financial hit during its fiscal second quarter from the pandemic, as restrictions on attendance at its open theme parks and the continued closure of its California parks weighed heavily on its bottom line.

However, the future for Disney parks is getting brighter. The Disneyland Resort reopened April 30 and many pandemic restrictions are starting to ease or be removed entirely. The Centers for Disease Control and Prevention said Thursday that fully vaccinated people no longer need to wear masks in most settings,

Revenue at Disney’s parks, experiences and products segment fell 44% to $3.2 billion, as many of its theme parks were either closed or operating at reduced capacity and its cruise ships and guided tours were suspended.

The company said the outbreak cost this division around $1.2 billion in lost operating income during the latest quarter. Disney has reported similar losses in each of its last four earnings reports.

Disney reopened its two California-based parks on April 30, so any revenue garnered over the last few weeks is not reflected in the fiscal second-quarter results. However, the parks’ reopening could boost expectations for the fiscal third quarter. As of Thursday, Disney’s Paris-based theme park is the only location that has not reopened to the public.

“Our parks and resorts that were open during the quarter operated at significantly reduced capacities, yet all achieved the objective of a net positive contribution, meaning that revenue exceeded the variable costs
associated with opening,” said Chief Financial Officer Christine McCarthy during an earnings call Thursday.

And as vaccination rates continue to increase and fewer coronavirus cases are being reported in the United States, Disney is amending its health and safety guidelines.

“We’re going to be able to raise our capacity limits, we’ve actually already started that,” said CEO Bob Chapek. “Given the guidance that just came today from the CDC, and earlier guidance that we got from the governor of Florida, we’ve already started to increase our capacities.”

The CDC has also provided guidance that vaccinated individuals do not need to wear masks indoors or outdoors, he said. These new guidelines could lead Disney to alter its mask policy in the future.

“[It’s] big news for us, particularly if anybody’s been in Florida in the middle of summer with a mask on,” Chapek joked. “That could be quite daunting, so we think that’s going to make for an even more pleasant experience.”




  1. fun88ทางเข้า Reply

    You’re so interesting! I do not suppose I’ve
    read anything like this before. So good to discover another person with a few original
    thoughts on this subject. Seriously.. thanks for starting this up.
    This site is one thing that’s needed on the internet, someone with a little

  2. corona made in thailand Reply

    First off I would like to say wonderful blog! I had a quick
    question that I’d like to ask if you don’t mind. I was curious to know how you center yourself
    and clear your thoughts prior to writing. I’ve had a hard time clearing my
    mind in getting my thoughts out there. I truly do take pleasure in writing but it just seems like the first
    10 to 15 minutes are generally wasted just trying
    to figure out how to begin. Any ideas or hints?

  3. stornobrzinol Reply

    Hello, I think your site might be having browser compatibility issues. When I look at your blog site in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!

  4. fun888 Reply

    I’ve been browsing online greater than three hours today, but I never found any fascinating article like
    yours. It’s lovely value enough for me. Personally, if all website owners and bloggers made good content as you
    probably did, the net will likely be much more useful than ever before.

  5. fun88 มือถือ Reply

    Hello! I just wanted to ask if you ever have any issues with hackers?

    My last blog (wordpress) was hacked and I ended up losing many
    months of hard work due to no data backup.

    Do you have any solutions to stop hackers?

Leave a Reply

Your email address will not be published. Required fields are marked *