Scandinavian airliner SAS AB has been grounded by bankruptcy, toiling for many months on a tightrope due to massive debt and a global COVID-19 pandemic which cut deep into their revenue in recent years.
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The end credits could roll on Cineworld Group, the parent company of several large movie theater chains including Regal Entertainment Group. Will COVID-19 ultimately annihilate the industry?
With an enduring COVID-19 pandemic both weakening crude oil prices globally and sinking their revenue, Basic Energy Services, Inc. has opted for bankruptcy protection for the second time in five years.
With consumer demand plummeting because of the COVID-19 pandemic, highly leveraged automotive supplier Shiloh Industries, Inc. has filed for Chapter 11 restructuring.
Mexican department store chain Grupo Famsa SAB de CV has met bankruptcy, hammered by a huge drop in sales due to COVID-19.
As a result of the COVID-19 restrictions put in place by the State of New York, the Annual Meeting of Stockholders of CreditRiskMonitor.com, Inc. will be held telephonically by means of remote communication.
Canadian women's apparel staple Reitmans is being forced to restructure, its options exhausted from the outbreak of COVID-19. Yet signs of their bankruptcy potential were revealed by our FRISK® score a year prior to their filing.
Metallurgical and thermal coal producer Contura Energy Inc. emerged from Chapter 11 in late 2018. Two years later, challenges presented by COVID-19 might soon put the company back into bankruptcy court.
CreditRiskMonitor management remains cautiously optimistic about the rest of the year, as many of our subscribers continue to struggle through the COVID-19 economic downturn and are implementing cost-cutting measures.