UPDATE 1-Northwest Air cutting 4,900 jobs


(Adds details, stock activity) ST. PAUL, March 21 (Reuters) - Northwest Airlines Corp. on Friday said it was cutting 4,900 jobs and its flight schedule by 12 percent because of lower travel demand before and after the conflict in Iraq, following similar actions by a number of other airlines. The capacity cuts at Northwest are the largest announced to date from a U.S. carrier. On Thursday, AMR Corp.'s American Airlines on Thursday announced a 6 percent cut in its international schedule ...

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