Scandinavian airlines faces stock rout
Edited By WION Video Desk
Published: Oct 05, 2023, 06:30 IST | Updated: Oct 05, 2023, 06:30 IST
Shares of Scandinavian airlines slumped by as much as 95% on Wednesday after the airline announced a financial restructuring on Tuesday to prevent bankruptcy. The announcement brought on board big new investors but wiped out the stakes of its more than 250,000 owners.
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