Disney Announces $255 MILLION Loss

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Mickey Mouse at the Disney Cruise Line

Credit: Disney

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.

disney cruise line characters
Credit: Disney

Related: Disney Cruise Line Delays Return to Nassau

Although all four cruise ships have now made their return to the high seas — and are even offering select character experiences once again! — last year’s difficulties haven’t been entirely erased.

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.

Minnie and mickey disney cruise line
Credit: Disney

Related: Chapek Confirms Disney Cruise Line’s Second Private Island

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.

Disney Cruise Line Guest riding slide
Credit: Disney

Related: After Supreme Court Asked to Take Action, All Florida Cruise Restrictions Lifted

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.

Disney Wish - Star Wars Hyperspace Lounge
Credit: Disney

Related: Disney Wish Guests Can Enjoy Luxury ‘Tangled’ Hair Salon

This all-new luxury liner features a first-of-its-kind Star Wars Hyperspace Lounge, a Toy Story splash pad just for kids, and incredible Frozen and Marvel dining experiences for the whole family!

disney wish funnel
Credit: Disney

Related: Early 2023 Disney Cruise Itineraries: Tropical and One-of-a-Kind Vacations

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.

disney wish quantum encounter marvel
Credit: Disney

Related: Disney Cruise Line Makes Big Change to Face Mask Policy

What do you think about DCL’s huge financial loss last year?

Let the expert team at Academy Travel help you plan your next magical Disney Cruise Line vacation. Whether you have a future cruise credit or you want to book a brand new itinerary, they can help you visit Castaway Cay in the Bahamas, Mexico, Europe, or any other DCL destination worldwide.

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