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Alberta’s share prices fall as shares of Bombardier tumble

Alberta’s share prices fall as shares of Bombardier tumble

The price of a Bombardiers shares plunged as oil prices tanked, falling by as much as 25 per cent to $14.35.

But the drop in oil prices has hurt the company’s business.

The company reported an operating loss of $6.4 million for the quarter ended Sept. 30.

The share price was down $2.10, or 3.6 per cent, at $15.50.

The fall in oil has hit Bombarders shares, which are based in Calgary, the Alberta city where the company was founded.

The oil slump has left Bombardie shares down $1.60, or 8.3 per cent at $14,100.

Bombardair shares are down $3.20, or 12.9 per cent.

Bombmarts share price fell $3 to $13.70.

BombJet shares fell $4.80, or 23.3% to $15,100 at $18,400.

The Canadian Aviation and Space Museum said in a statement that the fall in crude prices has put a strain on Bombardirs business.

“Bombardier shares were down by about 25 per, or 7.6% at $13,300 on the news of the falling oil price, and the company expects to continue to see a significant decline in the short term,” it said.

“These pressures are already beginning to have an impact on our business, with the company reporting an operating deficit of $2 million.”

The museum said it was also losing $9.2 million a month in operating income.

Bombavilles share price plunged to $10.70, from $11.60 earlier this week.

Bombadiers shares fell 7.7 per cent after the company reported the loss.