Walt Disney’s chief executive and its CFO said the dramatic spike in Florida COVID-19 infections last month right when
The entertainment giant reported a massive $3.5 billion hit last quarter from theme parks. They’re a huge chunk of the company and most of them were shut for the entire three months. Wall Street digested that number then asked for a snapshot today, when most parks are open. The Shanghai Disney Resort re-opened in May. Hong KongResort re-opened in late June but closed again July 13, a few days Walt Disney World in Orlando opened. Disneyland Paris and Tokyo Disneyland are open.
And he said of Walt Disney World: “We are happy we are returning a positive net contribution [to the company] while opening responsibly.” “It will pick up when … the travel patterns get a little more normalized and we see people going and staying for regular vacations like they used to,” said McCarthy.
Really!
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