SAS shares plummet after analysts warn it risks going bankrupt

The dramatic fall came after analysts at Norwegian bank DNB updated their sell recommendation, noting that the company’s debts of 40 billion kronor ($4.35 billion) are “unsustainable” and that “restructuring” is “needed to avoid bankruptcy”. Since the start of the pandemic the airline has lost around 80 percent of its market value. Banner ad While … Continue reading SAS shares plummet after analysts warn it risks going bankrupt