Air Canada, following the path of several US counterparts, said yesterday it will cut total system capacity by 7% year-over-year in this year's fourth quarter and the 2009 first quarter and slash its workforce by 2,000. "I regret having to take these actions but they are necessary to remain competitive going forward," President and CEO Montie Brewer said. "Air Canada, like most global airlines, needs to adapt its business and reduce flying that has become unprofitable in the current fuel ...

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