Cineworld issues warning over future after £1.3bn loss

Cinema chain raises doubts about whether it could survive a second Covid-19 lockdown

Cineworld raised doubts over its ability to survive a second lockdown as it reported a £1.3bn loss for the first half of the year because of the Covid-19 crisis.

The cinema chain’s pre-tax loss for the six months to June compares with profits of £110m a year earlier and follows the forced closure of its 778 cinemas worldwide earlier this year on the back of the pandemic.

Continue reading…