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Boeing to cut 777 output to five planes per month

US aerospace giant Boeing Thursday said it was slashing production of its twin-aisle 777 aircraft to five planes per month from seven, citing "significant deterioration" in the airline industry.

Soaring fuel prices force another US airline to slash planes, flights,...

Continental Airlines says soaring prices for jet fuel are forcing it to slash 3,000 jobs from its 45,000-person workforce, retire some old, inefficient planes, and cut flights.Thursday's announcement by Continental follows similar drastic actions by rival carriers Delta, United, and American.