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BusinessNovember 11, 1996

CALGARY, Alberta -- Canadian Airlines International said it will cut up to 250 jobs and impose a 10 percent wage reduction on employees as it struggles to remain in business. The airline also reported Friday that earnings in the third quarter -- typically its strongest -- fell 13 percent compared to the same period last year. And in the first nine months of the year, the airline said it lost 49 million Canadian dollars, worse than it had expected...

CALGARY, Alberta -- Canadian Airlines International said it will cut up to 250 jobs and impose a 10 percent wage reduction on employees as it struggles to remain in business.

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The airline also reported Friday that earnings in the third quarter -- typically its strongest -- fell 13 percent compared to the same period last year. And in the first nine months of the year, the airline said it lost 49 million Canadian dollars, worse than it had expected.

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