Alaska Air Group (NYSE:ALK) lowered its Q3 2021 guidance, noting that it expects revenues to drop between 19% and 21% compared to Q3 2019, versus its earlier guidance of a 17% to 20% drop.
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The company cited worsening booking trends considering the surge in Covid-19 cases rise since its last guidance was released.
Alaska Air stock declined by just about 1.5% in Friday’s trading as investors were likely already anticipating the headwinds.
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