Singapore budget carrier Jetstar Asia has taken the ‘difficult but necessary decision’ to cut more than a quarter of its workforce.
Nearly 200 will lose their jobs across most divisions of the business and most of the remaining staff will stay furloughed until the end of the year.
The airline is also downsizing its fleet, retiring five Airbus A320 aircraft.
Jetstar Asia announced the cost-cutting measures as major investor Qantas Group said thousands more of its staff will go.
"There is no doubt that the travel market will look very different moving forward, so it is imperative that we change and adapt," CEO Bara Pasupathi said.
"Singapore and Changi Airport remain a strategic footprint for Jetstar Asia and the Qantas Group, and we look forward to growing passenger numbers in the future."
Pasupathi said the Singapore government acted ‘swiftly and decisively’ to support the aviation industry which has helped ‘mitigate the situation.’
He said Covid-19 has ‘delivered the single biggest shock’ to the aviation industry.
