SYDNEY: Shares in flagship Australian airline Qantas dropped below A$1 (98.5 US cents) for the first time since the carrier's float in 1995 after it was put on credit watch by Standard & Poor's (S&P).
The embattled airline's stock plunged as low as 96.2 cents a fall of more than 9% - after S&P put its BBB/A-2 investment-grade rating on credit watch negative following warnings this week of a huge profit slump.
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