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Disney Reports COVID Infected $325 Million Loss

disney cruise line loss less Guests disney treasure disney wish disney magic disney wonder disney fantasy disney parks pandemic COVID 19
Credit: Disney

One thing that the Walt Disney Company actively stressed about its vacation offerings is that they bounced back from the COVID-19 pandemic almost as good as new. With Walt Disney World alone as one of the biggest tourist destinations in the world, Disney Parks wanted Guests to feel safe to return as soon as possible to get everything back on track. Disney may not have really bounced back from the pandemic era as well as it makes it seem. Disney Cruise Line certainly did not.

disney cruise line loss less Guests disney treasure disney wish disney magic disney wonder disney fantasy disney parks pandemic COVID 19 walt disney world

Credit: Disney

Even recently, Disney World has seen some of its lowest attendance, with social media posts showing the thinning crowds. But Forbes reports that Disney Cruise Line is where a massive COVID latent financial loss took place. Last year DCL recorded a $325.8 million net loss, which is “the second-worst result in its 26-year history.”

While some Guests bravely returned to cruise ships despite scars from the pandemic, it was no where near DCL’s peak numbers just before COVID hit. Forbes notes Disney Cruise Line’s pre-pandemic annual revenue of $1.6 billion in 2019 to highlight the contrast of its current losses, with a total of $1.2 billion since the onset of the pandemic.

disney cruise line loss less Guests disney treasure disney wish disney magic disney wonder disney fantasy disney parks pandemic COVID 19 walt disney world

Credit: Disney

The five ships, Disney Magic, Disney Dream, Disney Wonder, Disney Fantasy, and the newest Disney Wish, are not living up to the days before the COVID infection. Now, Disney Cruise Line is adding a brand-new ship to its fleet, which may only hinder its profits more unless demand sees a serious increase. The Disney Treasure is currently under construction and keeps fans in the loop every step of the way as a form of marketing.

The Disney Treasure is “inspired by the mystery and grandeur of a gilded palace,” with This magical “enchanting influences of Asia and Africa.” Statues of Aladdin and Jasmine will be featured in its atrium, and Captain Hook and Peter Pan are painted along the back of the boat.

disney cruise line loss less Guests disney treasure disney wish disney magic disney wonder disney fantasy disney parks pandemic COVID 19

Credit: Disney

Will the spirit of adventure of the Disney Treasure be enough to reel back in some of those missing millions? Or will the cost of running, staffing, and maintaining a less-than-full vessel add to the hemorrhaging?

About Lana Porter

Lana has never lost a Disney Trivia night. Maybe it’s the hundreds of times she’s been to Walt Disney World Resort in Florida, her love for Disney’s ’90’s era hand-animated musicals, or the fact that she’s often likened to cartoon characters, but Disney and its magic have a special place in her heart. Her favorite Disney experiences include the EPCOT Food and Wine Festival, eating Mickey Bars on the PeopleMover, and crying during the Magic Kingdom fireworks show. One day she hopes to be chosen as the rebel spy on Star Tours. When Lana isn’t Park Hopping, she’s at home reading books of all topics, watching her favs on Disney+, or snuggling her two cats, which she swears are not named after Disney characters. She loves surprising people with her knowledge of the Marvel Cinematic Universe but admits she is still catching up with Star Wars. She is happy to combine her excitement for writing with her love for Disney-style storytelling and share what she can with the world!