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Continental Airlines announced on Tuesday it would cut 1,700 jobs amid a slump in revenue and passenger numbers. The airline said it would be “eliminating approximately 1,700 positions across the company, including management and clerical positions.” Announcing earnings for the second quarter, the airline posted a net loss of 213 million dollars at earnings of -1.72 dollars per share, close to analysts’ expectations. “Second quarter results were adversely affected by significant declines in high yield traffic as many business travelers curtailed travel or purchased lower yield economy tickets due to the weakened economy,” the airline said.