Cineworld slumps to £1.3bn loss and warns over potential second wave hit

Cineworld said current trading has been ‘encouraging considering the circumstances’ (Mike Egerton/PA)

Cineworld has warned further global coronavirus restrictions or film delays may force it to raise further cash as it revealed half-year losses of 1.6 billion US dollars (£1.3 billion).

The group swung to the hefty loss for the six months to June 30 from pre-tax profits of 139.7 million US dollars (£110 million) a year ago as revenues plummeted after lockdowns forced its cinemas to close.