Shares of Avianca Holdings SA have tumbled 45% over the past week as the Colombian airline prepares a bankruptcy exit plan that will likely make the stock worthless.
The air carrier, which was driven into Chapter 11 during last year’s pandemic and travel bans, fell 6% in Bogota trading Monday, extending losses for a fifth day, according to data compiled by Bloomberg. Shares were trading around 119 pesos (about 3 cents) on Monday.
"Exit" - Google News
September 07, 2021 at 12:28AM
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Avianca Stock Sinks on Airline's Plan to Exit Bankruptcy - Bloomberg
"Exit" - Google News
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