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MILWAUKEE (AP) - Midwest Air Group Inc. said Tuesday it won't meet analysts' earnings expectations for the second quarter and full-year results will suffer as a result of lower airfares and longer flights.
Rival AirTran Holdings Inc. said the move shows Midwest should reconsider its latest offer, which the Milwaukee-based airline has steadfastly rejected.
Midwest, operator of Midwest Airlines and Midwest Connect, said it would announce revised guidance for the full year soon. It had expected earnings per share of $1.30 to $1.50. But that was revised in April from its first estimate of $1.70 per share, due to what Midwest said was a bumpy first quarter with a series of storms disrupting air travel.
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