FINANCIAL DIFFICULTIES FOR GLOBAL AIRLINES
Because of financial difficulties, Global Airlines has announced a cutback on services. It will (1)............... the number of flights serving major cities and eliminate all flights to certain smaller destinations. The financially troubled airline also announced that it will lay (2)............... 1,000 employees, including 800 flight attendants and 200 pilots. The changes are planned (3)............... next month. These changes are necessary because of the $2 billion in losses experienced by the company over the past five years.