MEXICO CITY (Reuters) – Mexican airline Aeromexico will offer fewer flights and have fewer planes in the short term as it begins a Chapter 11 restructuring process, Chief Executive Andres Conesa said on Wednesday, after shares plummeted to record lows.
Passengers, wearing protective masks following an outbreak of the coronavirus disease (COVID-19), wait for flights at the Aeromexico counter at Benito Juarez international airport in Mexico City, Mexico, July 1, 2020. REUTERS/Edgard Garrido
Shares in Aeromexico (AEROMEX.MX) fell another 28.5% on Wednesday, after plunging as much as 65.7% after it said late on Tuesday it had begun Chapter 11 proceedings. Mexicos stock exchange briefly suspended trading in the shares.
Aeromexico is the third …
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