Hurricane Irma could shut down Disney World and cost the company millions

Hurricane Irma is barreling toward Florida and is expected to cause major damage, including to Disney World.

Disney World generates about $30 million in profits a day for its parent company, so shutting down for even a half day means millions of lost dollars, according to John Janedis, an analyst at Jefferies.

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Last year, Hurricane Matthew closed the park for 1 1/2 days, costing the company about $40 million, according to Janedis. It was only the second time the company had closed its doors in the last decade, according to reporting from Chelsea Brasted at the Times-Picayune.

As of now, the park has no plans to close for the Hurricane Irma, but has canceled several special events in the park.

12 PHOTOS
Disney World
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Disney World
The Cinderella Castle. (Photo by Alexandros Voutsas, Alamy)
Animal Kingdom, Walt Disney World, Florida, USA. (Photo via Getty Images)
Monorail and Geosphere at Epcot Center in Walt Disney World in Orlando, Florida, USA. (Photo by Bill Brooks, Alamy)
Magic Kingdom at Walt Disney World Orlando, Florida. (Photo by Ilene MacDonald, Alamy)
Guests wait along Main Street USA for Mickey's 'Boo-To-You' Halloween Parade at Walt Disney World Magic Kingdom on Friday, Sept. 18, 2015. (Ricardo Ramirez Buxeda/Orlando Sentinel/TNS via Getty Images)
LAKE BUENA VISTA, FL - SEPTEMBER 18: In this handout photo provided by Disney Parks, actress Melissa Joan Hart poses with Buzz Lightyear at Magic Kingdom park on September 18, 2015 in Lake Buena Vista, Florida. Hart vacationed with her family at Walt Disney World Resort. (Photo by Chloe Rice/Disney Parks via Getty Images)
LAKE BUENA VISTA, FL - JULY 25: In this handout image provided by Disney Parks, Brian Willett (L) and Ryan Tedder of OneRepublic rock and roll down Big Thunder Mountain at Magic Kingdom on July 25, 2015 in Lake Buena Vista, Florida. The 'I Lived' artists took a break from their tour to visit Walt Disney World Resort. (Photo by Mariah Wild/Disney Parks via Getty Images)
ORLANDO, FL - JUNE 12: General views of the Star Wars Weekend at Walt Disney World on June 12, 2015 in Orlando, Florida. (Photo by Gustavo Caballero/Getty Images)
LAKE BUENA VISTA, FL - APRIL 13: In this handout photo provided by Disney Parks, Tony Award-winning actor Alan Cumming poses with Mickey Mouse and Minnie Mouse at Magic Kingdom Park April 13, 2015 in Lake Buena Vista, Florida. Cumming, who turned 50 years old earlier this year, is celebrating his birthday with friends and family at Walt Disney World Resort. (Photo by Chloe Rice/Disney Parks via Getty Images)
LAKE BUENA VISTA, FL - FEBRUARY 20: In this handout photo provided by Disney Parks, country music artist Luke Bryan poses with cowboy Goofy in front of Big Thunder Mountain Railroad at Magic Kingdom on February 20, 2015 in Lake Buena Vista, Florida. Bryan visited the theme park with his family and friends during a break between the Orlando concerts on his 'That's My Kind of Night Tour 2015.' Magic Kingdom is one of four theme parks at Walt Disney World Resort in Florida. (Photo by Chloe Rice/Disney Parks via Getty Images)
LAKE BUENA VISTA, FL - DECEMBER 09: In this handout photo provided by Disney Parks, a view of the parade during the taping of the Disney Parks 'Frozen Christmas Celebration' TV Special in the Magic Kingdom Park at the Walt Disney World Resort on December 9, 2014 in Lake Buena Vista, Florida. The special will air on December 25, 2014. (Photo by Mark Ashman/Disney Parks via Getty Images)
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"Walt Disney World Resort continues to monitor the path of the Hurricane Irma as we take the necessary steps to maintain the safety of Guests and Cast Members," a warning on the company's website states.

The company is not offering refunds or cancellations for visitors unless there is an official hurricane warning for the Orlando area, or a warning in the place of the visitor's residence within seven days of their scheduled arrival time according to the company's site.

Hurricane Irma is expected to be in the Orlando area sometime Sunday evening, according to the National Weather Service. The agency warns residents of east-central Florida to "prepare for life-threatening wind having possible devastating impacts" from Hurricane Irma.

Omar Sheikh, an analyst at Credit Suisse, said the impact of Irma will be less than a 1% drop in Fiscal Year 2017's earnings. The park segment of the company may be hit for about 10% of its operating income, but the company as a whole would probably see minimal impact.

Several Disney Cruises have been canceled due to Irma. Sheikh says just five cancellations would have a similar impact to a park closure at Disney World, and three cruises have so far been canceled according to the company's website. Disney is offering all impacted customers full.

Shares of Disney are down about 8.37% this year.

SEE: Disney World after Hurricane Irma

14 PHOTOS
Disney World after Hurricane Irma
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Disney World after Hurricane Irma
Visitors wait to go through security at Walt Disney World Resort Magic Kingdom in Orlando, Florida, on September 12, 2017 two days after Hurricane Irma hit Florida. The resort reopened its doors Tuesday, welcoming locals and tourists who remain without power and air conditioning after Irma battered Florida. 'We are here because we are without power in Melbourne, Florida, and so we decided if we're going to bake, we might as well do it at Disney,' Veann Grigajtis, who travelled to Orlando with her family, told AFP. / AFP PHOTO / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
Visitors board a tram to get to Walt Disney World Resort Magic Kingdom from the parking lot in Orlando, Florida, on September 12, 2017 two days after Hurricane Irma hit Florida. The resort reopened its doors Tuesday, welcoming locals and tourists who remain without power and air conditioning after Irma battered Florida. 'We are here because we are without power in Melbourne, Florida, and so we decided if we're going to bake, we might as well do it at Disney,' Veann Grigajtis, who travelled to Orlando with her family, told AFP. / AFP PHOTO / NICHOLAS KAMM (Photo credit should read NICHOLAS KAMM/AFP/Getty Images)
Damage near Cinderella's Castle :( https://t.co/Sg9q5UmETi
A look at Epcot this morning. Trees down and flooding, but it doesn't look like any major damage occurred #IrmaWDW https://t.co/KRvy9Sqr51
More from the Yacht Club. A couple trees uprooted. #LiveFromWDW #IrmaWDW #YachtClub https://t.co/VgCtUC2KDO
Yes, Cinderella Castle is still here. No, Disney doesn't take it apart for hurricanes #LiveFromWDW #IrmaWDW https://t.co/aYKY9Ofog5
We had some photos sent to us of a look at Typhoon Lagoon this evening. Targeted to reopen "later this week"… https://t.co/gwNeRQyLOk
The contemporary on Disney property survived the storm last night... trees down, 90 MPH winds but alive and well!… https://t.co/9fzNRxyhIA
Chip & Dale are now welcoming all guests to check in at Yacht Club #irmawdw #wdw https://t.co/mXYeFcMBXd
Shutter down @WaltDisneyWorld #caribbeanbeachresort. Still a little windy because of #IrmaWDW . https://t.co/FzRGJXYjlc
GUYS! Tinker bell's line is gone from Cinderella Castle!! Very rare sight!!! #HurricaneIrma #LiveFromWDW #IrmaWDW https://t.co/eoPos9kqwz
Trees down at Animal Kingdom this morning #IrmaWDW https://t.co/3EF5kNgXGn
Hurricane Irma damage at the Resort #IrmaWDW https://t.co/ZP1XrQB9pK
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