American Airlines said Wednesday it would end flights between New York's John F. Kennedy International Airport and London's Stansted Airport as part of in a bid to cut capacity costs as fuel prices continue to soar.

AMR Corp, American Airlines parent company said in a statement that is Stansted service will end on July 2, less than a year after launching the route. The airline said it will continue to offer service between JFK and London's Heathrow Airport.

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, the largest US carrier said.

These actions come in the face of skyrocketing fuel prices and a softening economy.

The leading U.S. carrier said last week it plans to cut costs and shed capacity by 11 percent to 12 percent. AMR said it would make further cuts to its schedule in other markets and retire 40 to 45 mainline aircraft and 35 to 40 regional jets.

The airline industry overall is struggling soaring fuel costs and a weakening economy that threatens to dampen the demand for travel.

On Tuesday, American Airlines said it will discontinue its Chicago-Buenos Aires service and Boston-San Diego service on Sept. 3, and Chicago-Honolulu service on January 5. It will also restructure American and American Eagle operations at San Juan, Puerto Rico, beginning in September.