"Our hearts go out to all those affected by this devastating outbreak, including the thousands of people who worked for us in the region," Disney CEO Bob Iger said during an earnings call on Tuesday. He added that the company will closely monitor the public health crisis.
The closure of the two parks, depending how long it lasts, could have an adverse impact during Disney's second quarter of a combined $175 million, Disney CFO Christine McCarthy said during the call. The company estimates a loss of approximately $135 million from the Shanghai park and approximately $40 million from the Hong Kong park.
While that's a hefty sum of money, Disney Parks and the Consumer Products division brought in $7.4 billion in revenue during the company's first fiscal quarter, which ended Dec. 28. Domestic resort reservations and hotel bookings are also up, said McCarthy.
Notices on the websites for the Shanghai and Hong Kong parks say the company is in contact with health officials and the local governments, and that reopening dates will be announced when they're determined. Disney is also offering refunds for some ticket and hotel bookings.
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