U.S. airline fleets to shrink by more than 500 planes

According to a count by JP Morgan, U.S. airlines are taking 512 aircraft out of service this fall -- the equivalent of grounding Northwest Airlines' entire fleet. The number of mainline jets will shrink by 7%, while more than 11% of regional jets will be taken out of service. Among the big carriers, United Airlines is making the deepest cuts, grounding 94 737s and six 747s.

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