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American Airlines has announced it will cancel its short-lived New York to Stansted route, according to reports.

Due to an insecure global economy and rising fuel costs, the airline decided to stop the flights as part on plans to cut costs and reduce overall capacity.

'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.

Texas-based American Airlines will withdraw the route from JFK airport to Stansted on 2 July, less than a year after it launched the schedule last October in a bid to increase its share of the trans-Atlantic business market.

Around 45 mainline aircrafts and 40 regional jets will be retired to accommodate the airlines commitment to downsize.

American Airlines will continue to offer its full schedule of flights between JFK and Heathrow airport, according to the airline.

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