Japan Airlines' share price may have plunged below Y10 but one set of investors has found some value in the struggling carrier. Air travellers bought JAL stock yesterday to obtain discounted fares that the airline offers to shareholders.
More than 1bn JAL shares changed hands, a record for one day's trading in a Tokyo Stock Exchange-listed company, and the airline finished Y1 higher at Y8.
Brokers attributed most of the buying to institutional investors closing short positions in the carrier's shares, which started the year worth Y88. After the government firmed up plans to push it into bankruptcy, the group is expected to file for court protection next week.
您已阅读44%（665字），剩余56%（857字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。