Aeroflot shares collapse amid the news of an additional issue

Aeroflot shares collapse amid the news of an additional issue

6 August , 18:14BusinessPhoto:
At the start of trading on the Moscow Stock Exchange, shares of the Russian giant airline Aeroflot fell 4.7% to RUB 78.22. The fall took place against the background of news about the additional issue.

Later the fall slowed down. At 10:16 Moscow time, securities were traded at around 80.9 rubles. - minus 1.29%.

Recall that earlier the company's board of directors unanimously made a positive decision on an additional issue of up to 1.7 billion ordinary shares worth 1 ruble. for the paper. The shares will be placed by open subscription.

Earlier it was reported that Aeroflot shareholders refused to pay dividends for the last year in connection with the coronavirus pandemic.

- Due to the significant negative impact on the activities of PJSC Aeroflot of the crisis situation caused by the coronavirus pandemic, dividends for the 2019 fiscal year should not be declared or paid, the company said in a statement.

Aeroflot is considered one of the carriers most affected by the pandemic. At the same time, its general director Vitaly Savelyev predicts bankruptcy of other airlines. He pointed out that Russian airlines are dumping prices in the fight for passengers, and assures that Aeroflot can fly at almost the price of a low-cost airline.

But Russians see different numbers at the same time. They have noticed a rise in airfare after the crisis. For example, on a popular booking portal, the minimum ticket price in August for a flight from Moscow to Rostov-on-Don starts from 3.5 thousand rubles, while before the crisis it was possible to fly there for 2-2.5 thousand rubles.

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