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Market Impact: 0.25
Air Baltic Cuts Barf Bags, Crew Perks After Chapter 11 Filing
Source: Bloomberg
M&A & RestructuringTravel & Leisure
Air Baltic is seeking Chapter 11 bankruptcy protection and has proposed cost cuts that would eliminate barf bags and toilet hand sanitizer for passengers. The measures underscore severe financial distress at the Latvian carrier, though the immediate market impact is likely limited primarily to the company and regional aviation sector.
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