American Airlines will cut fourth-quarter mainline domestic capacity by 11 percent to 12 percent year-over-year instead of the previously planned 4.6 percent

, retire "at least 75 mainline and regional aircraft" and cut some jobs. "The airline industry as it is constituted today was not built to withstand oil prices at $125 a barrel, and certainly not when record fuel expenses are coupled with a weak U.S. economy,” according to Gerard Arpey, chairman and CEO of AA parent AMR.