{"id":10329,"date":"2021-08-17T09:28:14","date_gmt":"2021-08-17T07:28:14","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=10329"},"modified":"2021-08-17T09:28:18","modified_gmt":"2021-08-17T07:28:18","slug":"these-companies-say-the-delta-variant-is-hurting-business","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/these-companies-say-the-delta-variant-is-hurting-business\/","title":{"rendered":"These companies say the Delta variant is hurting business"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/bloximages.newyork1.vip.townnews.com\/wfsb.com\/content\/tncms\/assets\/v3\/editorial\/a\/f2\/af27b88e-feb4-11eb-aa46-93437fd166b5\/611a9bc9f0fe9.image.jpg?crop=720%2C720%2C280%2C0&amp;resize=1200%2C1200&amp;order=crop%2Cresize\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"These companies say the Delta variant is hurting business\" title=\"These companies say the Delta variant is hurting business\" \/><\/div>\n<h3 class=\"wp-block-heading\">Here we go again: These companies say the Delta variant is hurting business<\/h3>\n\n\n\n<p>New York (<a href=\"https:\/\/www.dazzlepop.net\/site\/category\/business\/\">CNN Business<\/a>)As the Covid-19 Delta variant\u00a0<a href=\"https:\/\/www.cnn.com\/2021\/08\/13\/business\/mask-sales-delta-variant\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">continues to spread<\/a>, companies are warning that they expect pandemic fears to harm their businesses. The hospitality and entertainment industries, in particular, are feeling the pain. Although economists don&#8217;t expect a repeat of the kind of shutdowns that gutted industries in 2020, the risks posed by the variant have businesses on edge.Here are some of the companies that have already warned about the Delta variant&#8217;s threat to their bottom line.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Southwest Airlines<\/h3>\n\n\n\n<p>Southwest Airlines&nbsp;(<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=LUV&amp;source=story_quote_link\">LUV<\/a>)&nbsp;is&nbsp;<a href=\"https:\/\/www.cnn.com\/2021\/08\/11\/business\/southwest-airlines-delta-variant-warning\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">seeing a decrease<\/a>&nbsp;in bookings and an increase in cancellations this month, according to a recent<a href=\"https:\/\/www.southwestairlinesinvestorrelations.com\/~\/media\/Files\/S\/Southwest-IR\/20210811_LUV%20Investor%20update_vF.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;regulatory filing<\/a>. The airline said this pattern is &#8220;believed to be driven by the recent rise in Covid-19 cases associated with the Delta variant.&#8221; This is a shift from the company&#8217;s&nbsp;<a href=\"https:\/\/www.cnn.com\/2021\/07\/22\/investing\/american-southwest-airlines-losses\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">July prediction<\/a>&nbsp;that it would be profitable in the third and fourth quarters based of strong booking trends for leisure travel.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Airbnb<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/max\/1400\/0*NChTo-XqLOxLabIW\" alt=\"These companies say the Delta variant is hurting business\" \/><figcaption>These companies say the Delta variant is hurting business<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=ABNB\" target=\"_blank\" rel=\"noreferrer noopener\">Airbnb<\/a>&nbsp;warned that the Delta variant is going to&nbsp;<a href=\"https:\/\/www.cnn.com\/2021\/08\/13\/investing\/airbnb-earnings-delta-covid\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">disrupt travel<\/a>. The company saw a dip in demand in July, and on an earnings call, Airbnb&#8217;s chief financial officer David E. Stephenson said it&#8217;s likely due to &#8220;summer peak&#8221; and the Delta variant. &#8220;We anticipate that the impact of Covid-19 and the introduction and spread of new variants of the virus, including the Delta variant, will continue to affect overall travel behavior, including how often and when guests book and cancel,&#8221; the company said in&nbsp;<a href=\"https:\/\/s26.q4cdn.com\/656283129\/files\/doc_financials\/2021\/q2\/Airbnb_Q2-2021-Shareholder-Letter_Final.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">its earnings letter<\/a>&nbsp;to shareholders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Disney<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/a\/a4\/Disney_wordmark.svg\/1200px-Disney_wordmark.svg.png\" alt=\"These companies say the Delta variant is hurting business\" \/><figcaption>These companies say the Delta variant is hurting business<\/figcaption><\/figure>\n\n\n\n<p>The Delta variant is putting a dent in&nbsp;Disney&nbsp;(<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=DIS&amp;source=story_quote_link\">DIS<\/a>)&#8217;s film and television productions as well as park attendance. &#8220;We continue to see disruption of film and television production, as well as live sports events, depending on local circumstances,&#8221; the company said in a recent letter to investors. And when it comes to park attendance, &#8220;The primary noise that we&#8217;re seeing right now are really around group or convention cancellations,&#8221; Disney CEO Bob Chapek said.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tyson Foods<\/h3>\n\n\n\n<p>Tyson Foods\u00a0(<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=TSN&amp;source=story_quote_link\">TSN<\/a>)\u00a0is struggling, particularly when it comes to labor. The company &#8220;increased wages and created flexible shifts&#8221; but &#8220;the Delta variant has been a disruptor,&#8221; Tyson Foods president and CEO Donnie King said during a\u00a0<a href=\"https:\/\/s22.q4cdn.com\/104708849\/files\/doc_financials\/2021\/q3\/08-11-21_Tyson-Foods-080921.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">recent earnings call<\/a>. &#8220;Labor is our single biggest issue we face, not only in chicken, but also in our other businesses,&#8221; King said. &#8220;We were on a good trajectory and then the Delta variant showed up, and we&#8217;ve taken a step back as a result of that.&#8221;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Norwegian Cruise Line<\/h3>\n\n\n\n<p>Fears surrounding the Delta variant have resulted in a bookings dip for&nbsp;Norwegian Cruise Line&nbsp;(<a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=NCLH&amp;source=story_quote_link\">NCLH<\/a>). &#8220;We have seen a modest decrease in our net new booking activity during the month of July when the Delta variant has surfaced,&#8221; Frank J. Del Rio, the company&#8217;s president and CEO said during a recent earnings calls. But he&#8217;s feeling hopeful about the future. &#8220;We think this is a transitory, temporary phenomenon,&#8221; he said.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/edition.cnn.com\">https:\/\/edition.cnn.com<\/a><a href=\"https:\/\/edition.cnn.com\/profiles\/alexis-benveniste\"><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/edition.cnn.com\/profiles\/alexis-benveniste\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here we go again: These companies say the Delta variant is hurting business New York (CNN Business)As the Covid-19 Delta variant\u00a0continues to spread, companies are warning that they expect pandemic fears to harm their businesses. The hospitality and entertainment industries, in particular, are feeling the pain. Although economists don&#8217;t expect a repeat of the kind [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":10331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[45],"tags":[502,31,223,519,561,1083,153],"class_list":["post-10329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-airbnb","tag-business","tag-cnn","tag-coronavirus","tag-covid-19","tag-delta-variant","tag-disney"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dazzlepop | These companies say the Delta variant is hurting business<\/title>\n<meta name=\"description\" content=\"These companies say the Delta variant is hurting business New York (CNN Business)As the Covid-19 Delta variant\u00a0continues to spread, 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