10:33 AM EST - Jazz Air : is cutting 270 employees as the regional airline operator reduces capacity by 5 percent to deal with soaring fuel costs. The Jazz reduction follows the mid-June move by Air Canada, from which buys most of Jazz's fleet capacity, to cut its flying by 7 percent with the loss of 2,000 jobs. Jazz Air
units T.JAZ.UN are trading off 33 cents at $4.90.
