Wizz Air, the largest low-cost airline in Central and Eastern Europe, has said it will make 1,000 staff redundant - representing some 19% of its workforce.
As well as redundancies, additional employee furlough measures have been and will be taken "in the short term" as a result of the travel restrictions in place to try and limit the spread of coronavirus.
Wages were also being cut for the remaining workforce - with pilots, cabin crew and office staff losing an average 14% of their salaries for the whole of the year, while the chief executive, board of directors and all senior officers will lose 22% of theirs.
The news came as the airline announced traffic was down 34% year-on-year in March while it's currently operating at just 3% of its