Airline Thai Company’s stock showed a non-boring movement for the last few days. On May 27, from $0.19 stock dropped steeply to $0.1415. However, it went up and again down in the next few days. Shares reached up to $0.19 and fell again, but now it costs $0.1918.
During the coronavirus pandemic, it is very difficult for companies that are engaged in flights between countries (transportation, passengers, and business units). All over the world, the situation is stabilizing and there is a chance that everything will be settled at the company.
After creditors postponed a vote on whether to accept a debt-restructuring plan for Thai Airways by a week, the airline is attempting to make an explosive surge up the charts. The company requires more than 50% of its lenders to approve the proposal, which is part of measures aimed at helping it return to profitability as it copes with the devastation following the pandemic.