Cineworld has warned that Covid-19 still threatens its survival.
The world’s second largest cinema chain said yesterday that there were “material uncertainties” about its “ability to continue to operate as a going concern”, despite the imminent easing of restrictions and the reopening of its cinemas.
The operator, which announced a pre-tax loss of $3bn last year, said that its business would not survive the reimposition of lockdown measures.
It added that it feared cinema-going would not return to pre-pandemic levels until 2024. The FTSE 250 group, which is valued at £1.3bn, has 9,300 screens at 767 theatres in ten countries.
