Disney (NYSE: DIS) was living in denial until Friday afternoon, finally conceding that Disneyland in California and Disney World in Florida won't be reopening anytime soon. It's been two weeks since the world's leading theme park operator closed its stateside attractions, initially targeting the outage to last only through the end of the month.
With April around the corner and no coronavirus containment in sight, Disney is now shuttering its domestic theme parks indefinitely. There is no new opening date. Disney is promising to continue paying its displaced hourly workers through April 18, but that doesn't necessarily mean the resort will spring back to life immediately after that. Disney doesn't know when it will open its parks, only because nobody knows when that will be.
Image source: Disney.