JAL shares plunge to all-time low
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Shares in Japan Airlines (JAL) shares plunged to an all-time low of just US$0.05 yesterday on the eve of an expected bankruptcy filing by the carrier. According to a Channel NewsAsia report, JAL shares dropped JPY2, or 28.6%, to JPY5 as investors bailed out ahead of an announcement expected today. The market value of the once-venerable carrier now stands at just US$150 million - less than the price of a single Boeing 747.
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