The theme park chain lost $590 million in 2020, but expects 2021 to be an improvement.
Disney CEO Bob Chapek said the ability to remove COVID-19 restrictions largely depends on how quickly people get vaccinated.
The park chain has lost $484 million in 2020.
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Reopening Orlando and Japan parks with limited capacity has not turned a profit for Universal's theme park division.
Also delayed will be Emperor, Pantheon and Ice Breaker.
COVID-19 has shifted Disney World's customer base more towards locals and annual passholders.
Shanghai Disneyland will be the first of the Disney parks to reopen on May 11, with reduced capacity, social distancing and mask requirements.
While reporting record earnings for 2019, SeaWorld CEO Serge Rivera fielded many questions from financial analysts about how coronavirus may affect the theme park chain.
Attendance was up in the last three months at 2019 at Disney's U.S. parks, but its theme park division will take a hit after the coronavirus outbreak led the company to temporarily close its two Chinese resorts.