Throughout 2020 and the COVID-19 pandemic, Disney Cruise Line suffered perhaps more than any other Walt Disney Company division. The entire DCL fleet — the Disney Dream, the Disney Fantasy, the Disney Magic, and the Disney Wonder — were unable to sail for over a year, leading, unsurprisingly to huge financial losses for the company.
Because Disney Cruise Line is wrapped into Disney’s Parks, Experience and Products division — led by Chairman Josh D’Amaro — however, it is rare that we get a look at specific DCL numbers during The Walt Disney Company’s quarterly earnings reports.
Now, though, the Disney Cruise Line Fiscal Year 2020 Annual Report & Financials – Directors’ Strategic Report has become available and it outlines the huge financial losses the Magical Cruise Company, Limited took over the course of 2020.
Per a transcript of the report:
The Company’s loss for the financial year is $255,853,000 (profit in 2019: $406,170,000). In December 2019 there was an outbreak of COVID-19; which the World Health Organisation [Organization] declared a pandemic on 11 March 2020. The COVID-19 pandemic created a significant impact on the operations of the-Company. Revenue and Operating Income decreased year over year primarily due to the COVID-19 outbreak and the suspension of cruise vessel operations since 14 March 2020.
Despite last year’s $255 million loss, Disney Cruise Line is gearing up for a huge year in 2022 and is looking to thrive in the coming years. With a new private island called Lighthouse Point, the maiden voyage of the Disney Wish, and unbelievable experiences for Guests, there is no better time to hit the high seas with Mickey Mouse and Friends.
More on the Disney Wish
Next year, Disney Cruise Line is set for one of its biggest years ever with the debut of its first Triton Class cruise, ship, the Disney Wish. She will take her maiden voyage in June 2022.
The Wish will be the fifth ship in the DCL fleet, joining the Disney Dream, the Disney Fantasy, the Disney Magic, and the Disney Wonder.