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Walt Disney World on March 23 in Orlando, Florida. Photo: Alex Menendez/Getty Images

A financial analyst at the Swiss banking giant UBS advised Monday that Disney will likely wait until January 2021 to reopen its parks and resorts, the Los Angeles Times reports.

The big picture: At least 43,000 unionized Disney World workers have been furloughed since April 19, as the company began increasing its access to cash to weather the storm caused by the novel coronavirus.

  • When reopening, UBS predicted that Disney will only see half of the park attendance it garnered in 2019, per the Times.
  • "We believe Parks' profitability will be impaired for a longer period of time given the lingering effects of the outbreak and now assume an opening date of Jan. 1 as our base case," UBS managing director of investment research John Hodulik wrote in his Monday report, per USA Today.

The other side: JPMorgan analyst Alexia Quadrani told Barron's in mid-April that she assumed domestic parks would reopen on June 1, noting that Disney World hotels were accepting reservations on that date.

Flashback: Disney closed its parks and resorts on March 27 "until further notice," after originally shuttering them for a month.

  • The company said it would pay hourly cast members until April 18.

Go deeper: Disney becomes one of Hollywood's biggest coronavirus victims

Go deeper

Top Fed official: Short, sharp coronavirus lockdown will enable recovery

Minneapolis Federal Reserve Bank president Neel Kashkari in New York City last October. Photo: Roy Rochlin/Getty Images

A top Federal Reserve official told CBS Sunday that a "really hard" four- to six-week lockdown could benefit the U.S. economy as Congress "has the resources to support those who are most hurting" during the coronavirus pandemic.

Details: Minneapolis Federal Reserve Bank president Neel Kashkari said a short lockdown "could get the case count down so that our testing and our contact tracing was actually enough to control it the way that it's happening in the Northeast right now."

Updated Oct 7, 2020 - Health

World coronavirus updates

Expand chart
Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand now has active no coronavirus cases in the community after the final six people linked to the Auckland cluster recovered, the country's Health Ministry confirmed in an email Wednesday.

The big picture: The country's second outbreak won't officially be declared closed until there have been "no new cases for two incubation periods," the ministry said. Auckland will join the rest of NZ in enjoying no domestic restrictions from late Wednesday, Prime Minister Jacinda Ardern said, declaring that NZ had "beat the virus again."

Aug 2, 2020 - Health

Birx: U.S. has entered new phase of coronavirus pandemic

White House coronavirus task force coordinator Deborah Birx said Sunday on CNN that the U.S. has shifted into a new phase of the coronavirus pandemic, as infections have spread further into rural areas than in March and April.

Why it matters: Coronavirus infections in rural communities have surpassed the number of cases in big cities — and areas in the U.S. with fewer coronavirus testing sites were predominately rural as of May.