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June 6, 2008
Cuts
Continental announced a major downsizing, revealing plans to retire 67 737s, lower 2008 fourth-quarter mainline domestic capacity by 11% and reduce its workforce by 3,000.
CO will retire 24 737-300s and 13 737-500s by year end and an additional 23 -300s and seven -500s in 2009. By year end 2009 it no longer will operate -300s and will fly just 35 -500s.
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