Aeromexico’s shares nosedive after it files for Chapter 11

Shares in Mexican airline Aeromexico plummeted on Wednesday — falling by as much as 65 percent early in the trading day — after the company said late on Tuesday it had begun restructuring under Chapter 11 proceedings. Mexico’s stock exchange briefly suspended trading in Aeromexico shares. Aeromexico is the third airline to file for bankruptcy… Continue reading at New York Post