英语翻译

题目

英语翻译
Continental Airlines Inc.said Thursday it is cutting 3000 jobs and reducing capacity in the fourth quarter by 11 percent,citing record fuel costs and an industry in "crisis".
请帮忙翻译一下这句话,特别是citing record fuel costs and an industry in "crisis".怎么理解.还有这里的cite是什么用法,
主要是这个cite

答案