SAS (SAS.SE) stock plunged over 12.0% on Tuesday, extending recent losses after a Scandinavian airline filed for bankruptcy protection in the United States in order to reduce debt. Company warned that the pilots' strike which started yesterday will deepen its financial crisis.
"Through this process, SAS aims to reach agreements with key stakeholders, restructure the company's debt obligations, reconfigure its aircraft fleet, and emerge with a significant capital injection," the carrier said in a statement.
SAS AB (SAS.SE) stock resumed downward movement today and the price broke below the lower limit of the consolidation zone at 0.5750. Source: xStation5
Daily summary: Hopes for peace and space stocks in the spotlight
Globalstar: Are we headed for a battle of giants over orbit?
Intuitive Machines: Flywheel of the space economy?
Tesla disappoints with deliveries - Again
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
