Qantas Airways shares have fallen below the one Australian dollar mark for the first time, after ratings agency Standard & Poor's put the airline on review for a possible downgrade.
Shares in Australia's largest carrier fell 8.5% to 97 cents, before recovering slightly to 99 cents.
Qantas said this week that profits could drop by 90% because of mounting losses on international routes.
The airline has struggled with slowing demand and higher fuel prices.
Qantas shares have fallen by nearly a third in four days of losses. That has wiped 1bn US dollars off its market capitalisation from $3.2bn (£2.01bn) to $2.2bn, according to data compiled by the Bloomberg news agency.
Source & Image : BBC
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