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Continental Cutting Jobs, Flights

6 June 2008

Continental Airlines said it is cutting 3,000 jobs and reducing capacity by 11 percent, citing record fuel costs that have pushed the industry into its worst crisis since 2001.

Continental will begin pulling back on flights in September, when departures on its mainline operations will drop about 16 percent below September 2007 levels. Fourth-quarter capacity will fall 11 percent. The company said it plans to offer details on flight and destination reductions and eliminations by the end of next week.

source: washingtonpost.com

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