Beginning in 2005, the company will cut its season from 88 performances of 11 or 12 productions to about 65 performances a year spread over nine productions. “The goal is to shrink the annual operating budget from around $60 million to $45 million. The Opera had a deficit of $7.6 million for the 2001-02 season and is predicting a $9.2 million shortfall this year. “This city is just not able financially to support a jumbo jet.”