SAS shares plummet after analysts warn it risks going bankrupt

From The Local:

“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.”

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SAS shares plummet after analysts warn it risks going bankrupt