MercoPress. South Atlantic News Agency

Brazil: Azul Airlines' stock plummets amid new issuance

Azul Airlines' stock experienced a severe market crash on Friday, with shares plummeting as much as 50% during intraday trading before settling at a 25% loss by mid-afternoon. The sell-off follows the airline's massive issuance of new shares as part of its ongoing US Chapter 11 bankruptcy restructuring. Read full article