Midwest Stock Drops 11 Percent

By: Associated Press
By: Associated Press

A Raymond James analyst cut his rating on the stock today, citing the possibility of bankruptcy.

The airline company has reached tentative agreements with its three labor unions.

Members are voting on those contracts Tuesday. Midwest says the renegotiated contracts are key to avoiding bankruptcy reorganization.

Midwest avoided a bankruptcy filing in April by reaching a tentative wage-concession agreement with its pilots.


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