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2021-08-11

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AMC CEO reflects on earnings, business recovery: We’re doing ‘so much better’

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You can see that recovery is coming and we just have to continue to work our way through and get to the other side.\"</p>\n<p>AMC ended the second quarter with more than $2 billion in liquid assets – setting a record for the highest amount of liquidity in company history since its first-quarter record of $1 billion.</p>\n<p>\"Just 90 days later, we doubled that,\" Aron said. \"We do have enough money, we believe, to get to the other side of the pandemic… We’ve moved from how will we survive COVID to how do we thrive after COVID… It’s very nice to move on.\"</p>\n<p>Aron said he believes there’s a \"real chance\" AMC can move back to profitability in the fourth quarter of 2021 even though the box office is nowhere near pre-pandemic revenue which consistently topped $10 billion.</p>\n<p>\"We’re way, way short of where the box office was for years and years and years on end,\" he said. \"I think 2022 is going to be a transitional year. 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You can see that recovery is coming and we just have to continue to work our way through and get to the other side.\"\nAMC ended the second quarter with more than $2 billion in liquid assets – setting a record for the highest amount of liquidity in company history since its first-quarter record of $1 billion.\n\"Just 90 days later, we doubled that,\" Aron said. \"We do have enough money, we believe, to get to the other side of the pandemic… We’ve moved from how will we survive COVID to how do we thrive after COVID… It’s very nice to move on.\"\nAron said he believes there’s a \"real chance\" AMC can move back to profitability in the fourth quarter of 2021 even though the box office is nowhere near pre-pandemic revenue which consistently topped $10 billion.\n\"We’re way, way short of where the box office was for years and years and years on end,\" he said. \"I think 2022 is going to be a transitional year. 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