American Airlines has announced it will cancel its short-lived route from New York to Stansted Airport, according to reports.
Due to the global credit crunch and rising fuel costs, the Texas based airline has decided to stop the flights as part of plans to cut costs and downsize.
"This decision is among a number of first-round reductions to American’s flight schedule as part of the airline’s previously announced plans to reduce capacity in an effort to significantly reduce costs and create a more sustainable supply-and-demand balance in the marketplace," said the airline.
American Airlines will withdraw the route from JFK airport to Stansted Airport on July 2nd, less than a year after it launched the schedule last October in a bid to increase its share of the lucrative trans-Atlantic business market.
Around 45 mainline aircrafts and forty regional jets will be retired to accommodate the airlines commitment to reduce overall capacity.
American Airlines will continue to offer its full schedule of flights between JFK and Heathrow Airport, according to the airline.