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Posted AT 9:23 AM EST on 17/06/08

Air Canada slashes jobs, flights

The Canadian Press

MONTREAL — Air Canadawill cut up to 2,000 jobs at the end of this year as it sharply reduces capacity to deal with the rising cost of fuel, and is warning there are likely more cutbacks to come. Canada's biggest airline said Tuesday it needs to fly fewer trips as oil prices keep rising to record levels and will cut capacity by 7 per cent from its fall and winter schedule.

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