Company Of The Day: Alaska Air Group

by Trefis Team
+20.71%
Upside
53.81
Market
64.96
Trefis
ALK
Alaska Air Group
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What?

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.

Why?

The company cited worsening booking trends considering the surge in Covid-19 cases rise since its last guidance was released.

So What?

Alaska Air stock declined by just about 1.5% in Friday’s trading as investors were likely already anticipating the headwinds.

See Our Complete Analysis For Alaska Air

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