Coronavirus and Walt Disney World general discussion

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GoofGoof

GoofGoof

Premium Member
Slpy3270 said:
With movie theaters closing again due to unprofitability from delayed releases it's not an exaggeration to say that theme parks will be next due to prolonged low attendance and investment in health protocols causing rapid cash burn.
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Are the theme parks causing rapid cash burn? The CEO and CFO have both said on multiple occasions that they wouldn’t open or keep open a park that wasn’t at least covering their variable costs to operate. They may not be turning an accounting profit when you add in the fixed costs, but a lot of those fixed costs like depreciation are non-cash costs. The cash fixed costs (maintenance, security, real estate taxes, etc) will exist whether the parks are open or closed so they are sunk costs anyway.

You also have potential ancillary losses from closing WDW. Disney Springs has a large number of 3rd party vendors who will lose a ton of business if the parks are closed. I have no idea what their lease contracts say, but if they aren’t entitled to a break on rent they will likely file a lawsuit and/or break their leases (maybe through bankruptcy). It was one thing when the government mandated the parks be closed, but once that force majeure event was over it could be a breach of contract to close the parks. DVC is another issue. How do you keep the DVC resorts open with no regular hotels or theme parks for an extended period? Besides having a lot of angry DVC owners (some of your best customers) there could be owner lawsuits as well. Plus with all but a handful of DVC resorts sharing facilities with deluxe resorts there will be additional costs to keep them open which might lead to increased maintenance fees and more lawsuits.

Based on all of that it’s unlikely WDW closes again unless there’s a major turn on the ground there and/or a major dip in demand.
 
CJR

CJR

Well-Known Member
The last time I was at the parks, there were long lines from popcorn stands to mobile waits (yep, the waited in lines staring at their phones outside of the restaurants).

I have trouble believing there is any financial benefit to Disney to close the parks unless something changes. It would be stupid to take away what is positive cash flow for the company.
 
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DCBaker

Premium Member
Numbers are out -

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Patcheslee

Patcheslee

Well-Known Member
disneycp said:
I’m saying I’m not going to sit here and judge someone for going to work and doing what they need to do to pay their bills, especially for a virus where so many carriers are asymptomatic (or even just pre-symptomatic). Obviously if you feel sick you should stay home, but not sure how that helps in the other cases.

Not really sure how me saying I can see why people don’t want to participate in contact tracing equates to “I think everyone should go to work no matter what!” Bit of a stretch there.

There are moral arguments on both sides. You can say “if you cared about other people, you would stay home so people don’t get sick,” and I could just as easily say “if you cared about other people, you would relax restrictions so they can work and not be homeless.”
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I just spent 10 days home from work because husband started to get sick with a cough and fever Friday Sept 25th, by Sunday/Monday I had high fever and cough. So call my employers health line and they said go to doctor. We both go to doctor husband given antibiotics, a steroid because he's asthmatic and an extra inhaler, wait 3 days for negative results. Husband had to return to work while still symptomatic including fever. I was still not allowed to return for the full 10 days.
Doc suspects he got sick from his coworker who wasn't required to take off with symptoms as that guy spent 4 days hacking and coughing without a mask.(husband's employer still isn't requiring it even though Indiana says required)
So that employees choice to continue to work cost us $3200 in lost wages, another $170 for the doctor visit, $163 for medication. And daughter being marked absent 5 days of school even though she did online those days.
 
Slpy3270

Slpy3270

Well-Known Member
CJR said:
The last time I was at the parks, there were long lines from popcorn stands to mobile waits (yep, the waited in lines staring at their phones outside of the restaurants).

I have trouble believing there is any financial benefit to Disney to close the parks unless something changes. It would be stupid to take away what is positive cash flow for the company.
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France is dealing with a second wave right now. A second closure of Disneyland Paris looks inevitable at this point.

If that happens, cash flow will fall dramatically cause Disney wholly owns that park.
 
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disneycp

Active Member
Patcheslee said:
I just spent 10 days home from work because husband started to get sick with a cough and fever Friday Sept 25th, by Sunday/Monday I had high fever and cough. So call my employers health line and they said go to doctor. We both go to doctor husband given antibiotics, a steroid because he's asthmatic and an extra inhaler, wait 3 days for negative results. Husband had to return to work while still symptomatic including fever. I was still not allowed to return for the full 10 days.
Doc suspects he got sick from his coworker who wasn't required to take off with symptoms as that guy spent 4 days hacking and coughing without a mask.(husband's employer still isn't requiring it even though Indiana says required)
So that employees choice to continue to work cost us $3200 in lost wages, another $170 for the doctor visit, $163 for medication. And daughter being marked absent 5 days of school even though she did online those days.
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I'm so incredibly sorry that happened to you. I definitely don't think anyone should be going to work with symptoms and/or without a mask. However, you did say your husband was forced to return to work while symptomatic - I am sure others are/have been in the same boat as him.
 
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disneycp

Active Member
Sorry, but I'm re-reading your comment and these two things just don't compute for me:

Patcheslee said:
Husband had to return to work while still symptomatic including fever.
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Patcheslee said:
So that employees choice to continue to work cost us $3200 in lost wages, another $170 for the doctor visit, $163 for medication. And daughter being marked absent 5 days of school even though she did online those days.
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How do you know your husband's co-worker didn't also have to return to work while symptomatic? Not wearing a mask was definitely irresponsible of him, but your husband going to work with a fever could also have gotten someone else working there sick...

We should have a little more empathy for people being forced to work while sick; it's not ideal, but the protections for workers are basically non-existent in a lot of jobs.
 
Patcheslee

Patcheslee

Well-Known Member
disneycp said:
I'm so incredibly sorry that happened to you. I definitely don't think anyone should be going to work with symptoms and/or without a mask. However, you did say your husband was forced to return to work while symptomatic - I am sure others are/have been in the same boat as him.
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I'll say I've been extremely disappointed with his works policies, but not being a multimillion $ company they aren't ever concerned with employees except "we'll miss orders if you miss". Kinda surprised the health department or OSHA hasn't fined them yet.
 
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Chip Chipperson

Well-Known Member
Patcheslee said:
I'll say I've been extremely disappointed with his works policies, but not being a multimillion $ company they aren't ever concerned with employees except "we'll miss orders if you miss". Kinda surprised the health department or OSHA hasn't fined them yet.
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I would report them to OSHA and your State Dept. of Health - especially if the state requires masks and the company isn't enforcing it in the workplace. They might be getting away with this because nobody has bothered to report them.
 
Archie123

Archie123

Well-Known Member
GimpYancIent said:
You by all means continue to enjoy. There are people that enjoy getting out and taking in a movie outside the home. For those the brick and mortar theater now has a health risk, but, the drive in not only is nostalgic also it would not have the same health risk. Simple pleasures, there are very few these days.
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They are gone for a reason and they won't be back any time soon (or ever).
 
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