Japan Airlines Shares Fall Most Ever After New Share Sale Unveiled
- Carrier’s shares fell more than 15% in Tokyo trading Monday
- Still much unclear about airline’s plans, analyst Toriumi says
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Japan Airlines Co. fell the most on record after saying it will raise as much as 168 billion yen ($1.6 billion) by selling new shares to support its finances during the coronavirus crisis.
The shares dropped over 15% in early trading Monday, the steepest decline on record. They were down 11% at 2:12 p.m. in Tokyo. The stock has plunged more than 50% this year.