Whitbread said that it would continue to protect its liquidity as it anticipated opportunity as a result of the pandemic.
The company has asked its landlords for a 50% rent cut for the next three months, citing "significant" net cash outflow in the past six months.
The group’s net cash position at 31 December was £40.0m compared to £196.4m at the end of the first half. Capital spend was £98.4m in the four months to 31 December. The Group also had cash on deposit of £814.9m and access to