On layoffs, very bad attendance, and Iger's legacy being one of disgrace

[Animaniac93-98]

I just want to say I appreciate the number of old timers posting in this thread.

It's a nice break from the usual "don't like it, don't go" and the fawning over Iger and the company's "brilliant" business decisions.

 

[DVCakaCarlF]

I get not wanting to turn this into a covid thread, but its very hard to not mention covid when looking at the economic impact that covid has had, especially in a thread about the economic troubles disney is currently facing. Really we won't see our economy salvaged until we have control over covid. And its all intertwined. The food market, travel market, schools, jobs, everything. Food prices have gone wayyy up,and the stock is becoming more scarce due to covid. That would definitely impact Disneys selection of shipments. Airlines are beginning to fly at or near the level they were in April, cancelling thousands of flights once again. Right now a lot of people are getting unemployment, some probably use that to go to wdw. When that money runs out Friday, I think disney will see even less bookings. When school is back in session, online or in person, there will be less time for families to take summer trips.
Disney would be telling a different story right now if covid never happened.

Please don’t contaminate this thread with more “Covid”....it’s hard for me not to get political.

 

[CaptainAmerica]

Source?

Yeah, I used the word "most" flippantly. But almost the entire Northeast is under these restrictions.

COVID-19

coronavirus.health.ny.gov

COVID-19 Travel

If you are fully vaccinated, you can resume pre-pandemic activities including travel within the United States.

www.mass.gov

Travelers

COVID-19 is considered a national health emergency. ...

floridahealthcovid19.gov

 

[Nubs70]

The German breakfast spreads included in your room rate are incredible. The Berlin Hampton Inn breakfast bar is about 3x linear distance of Crystal Palace.

Breakfast spread at US Hampton Inn consists of reconstituted Nerf omlette with cheese and greasy turkey sausage patties. So depressing.

Load up on breakfast, brat or currywurst for lunch, then decent dinner. Easily feed yourself for $40/day or less.

One tip. Only use budget websites for research only. Never book through Expedia etc.
Booked a trip to Vienna this spring to visit daughter over spring break with Expedia. Covid killed it.

We waited until United cancelled then approached Expedia for direct refund not a flight credit. Expedia denied and we ended up at Chase. Success! Charge was reversed. Then 3 weeks ago Expedia charged our card for the flights again. So around we go again.

 

[mkt]

I think now would be a good time to remind everyone that the Disney Preservation Fund® is still accepting donations. Help us avoid bankruptcy and #SaveDisney by donating today!

Donations may be processed via PayPal or Bob Bucks.

#SaveDisney is back as a hashtag. 2004 really is back.

How many Bob Bucks before I can get a complementary #SaveDisney totebag?

 

[The Mom]

OK I get no politics but Covid is the reason for the decline. Almost all businesses are suffering from the pandemic, with the exception of PPE. Now if you mean arguing over what’s right and wrong with the strategies of how to handle the pandemic, then I agree with you. This isn’t the thread for that.

It goes without saying that Covid is a major contributor of economic problems - it goes without saying.

 

[Lilofan]

BBC article about Boeing ending 747 production and job cuts?

That's right. 747 plane production ending. At least 16K Boeing staff expected to get laid off.

 

[mkt]

BBC article about Boeing ending 747 production and job cuts?

That was going to happen covid or no covid. The 747 has been in decline for years (as have all four engined aircraft)

 

[mkt]

It goes without saying that Covid is at the root of economic problems - it goes without saying.

Thank god I expected a collapse to happen during this current term, and saved accordingly.

 

[cmwade77]

Can you speculate on why attendance is so low? Anecdotally I know of four separate parties who cancelled trips due to the one park per day limit and the reservation system.

Expecting people to pay thousands and only get into the parks guaranteed for 3 days of their trip is lunacy. If they want people in the parks, OPEN the parks and resorts. This is not Ebola.

I'm simply not convinced the low attendance is due to covid. I've seen too many packed with people places.

I think the biggest issue right now is how many other states require that you quarantine for 14 days when you return from traveling to Florida. We recently did a cross country road trip and had thought about stopping in Florida, but decided against it for this very reason. These restrictions in other states need to be lifted for attendance to increase, as unlike Disneyland, they don['t have a lot of locals that go, they are more dependent on tourists. Disneyland will be fine if it can ever reopen.

 

[CaptainAmerica]

It goes without saying that Covid is at the root of economic problems - it goes without saying.

Actually a lot of people are claiming just the opposite, that COVID is merely revealing existing underlying structural problems rather than being the source of the problem itself.

 

[The Mom]

Thank god I expected a collapse to happen during this current term, and saved accordingly.

As did I - but I always plan as if an economic collapse is just around the corner.

 

[mkt]

Actually a lot of people are claiming just the opposite, that COVID is merely revealing existing underlying structural problems rather than being the source of the problem itself.

That's my personal belief. I don't believe that the US truly fully recovered after the 08 collapse, the repairs were only skin deep, and the structural deficiencies were there, waiting for a combination of factors to bring them in.

 

[mkt]

As did I - but I always plan as if an economic collapse is just around the corner.

If I had a bit longer, my planning would've involved leaving the US again. But hey, I should be fine.

 

[The Mom]

Actually a lot of people are claiming just the opposite, that COVID is merely revealing existing underlying structural problems rather than being the source of the problem itself.

Which I sort of agree with - there was no reason for the market to keep going up the way it did - so, as I mentioned in the above post, I always assumed that it was going to have a huge correction - and planned accordingly.

 

[Lilofan]

It goes without saying that Covid is at the root of economic problems - it goes without saying.

I think one problem most Americans have since at an early age lacking of save and invest and live below your means. There have been numerous articles that state many don't even have savings even for a major car repair. When covid hit our country very hard, people from various lifestyles were challenged beyond belief because they had little or no savings.

 

[CaptainAmerica]

Which I sort of agree with - there was no reason for the market to keep going up the way it did - so, as I mentioned in the above post, I always assumed that it was going to have a huge correction - and planned accordingly.

All I meant is that the extent to which the virus is the symptom versus the disease for TWDC is a matter for debate (and thus on-topic for this thread).

 

[TrainsOfDisney]

I think one problem most Americans have since at an early age lacking of save and invest and live below your means. There have been numerous articles that state many don't even have savings even for a major car repair. When covid hit our country very hard, people from various lifestyles were challenged beyond belief because they had little or no savings.

American Businesses too. Which is why this thread exists...

 

[Lilofan]

Which I sort of agree with - there was no reason for the market to keep going up the way it did - so, as I mentioned in the above post, I always assumed that it was going to have a huge correction - and planned accordingly.

One of the reasons the market went up is the continued speculation from the meeting of the minds that our country is going to beat this virus and the economic turnaround is right around the corner. Speculation can really move markets up or down. The bottom feeders that bought when the market hit bottom in late March made tremendous amounts of $$.

 

[deeevo]

I'm glad you saw my point. They don't suffer from American hyper-individualism and denial of science. At least not to the ridiculous levels we do in the US.

I didn't really but keep telling yourself that.