AMC Entertainment Expects To Be “Fully Opened Globally” In July, Posts Expected, Massive Q1 Loss

deadline.com:

Jill Goldsmith Giant exhibitor AMC Entertainment said net losses swelled to $2.18 billion, including a giant $1.8 billion in non-cash impairment charges, for the first quarter of the year from a negative $130 million the year before in what CEO Adam Aron called “unprecedented times.”Revenue dropped 22% to $941 million from $1.2 billion for the three months ended in March.

The nation’s largest chain had presaged the number last week when it announced preliminary, unaudited results within a range that it filed with the SEC.

The loss was at the lower end of the range it had predicted — of between $2.1 to $2.4 billion. AMC is currently planning to reopen almost all of our U.S.