The movie theater chain estimates to have lost between $2.1 billion and $2.4 billion in the first quarter
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The company also reported that its quarterly revenue is down roughly 22 percent this year, having fallen to $941.5 million from $1.2 billion in the same quarter last year. In April, AMC recorded a cash balance of $718.3 million, per CNN. While the company said it had the resources to reopen "this summer or later," it added, "Our liquidity needs thereafter will depend, among other things, on the timing of a full resumption of operations, the timing of movie releases and our ability to generate revenues."
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