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Apply for travel industry jobs or place your own recruitment briefs.Disney's theme parks and cruise division suffers $2bn loss
05 Aug 2020by James Chapple
Disneyland was shut for all of Disney's third-quarter
Disney’s parks, experiences and products division – which includes its cruise operation – has posted a massive quarterly loss running to $2 billion.
Third-quarter revenue (three months to 27 June) fell 85% to $1 billion, the Walt Disney Company confirmed in a Q3 results statement issued late on Tuesday (4 August).
Its operating results, meanwhile, decreased by $3.7 billion to a loss of $2 billion due to the domestic (US) and international impact of Covid-19.
Disney estimates the total net impact of coronavirus on Q3 operating income across its parks, experiences and products division ran to approximately $3.5 billion.
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