Norwegian is cancelling about 3,000 flights right until mid-June next a decrease in desire from the coronavirus outbreak.
That is about 15pc of the airline’s overall capability for this period of time.
The enterprise has also put several other steps in place, which include short-term layoffs of a “sizeable share of its workforce”.
Affected clients will be educated about cancellations.
Main executive Jacob Schram said: “Unfortunately, cancellations will influence a sizeable share of our colleagues at Norwegian. We have initiated official consultations with our unions pertaining to short-term layoffs for traveling crew customers as well as personnel on the ground and in the offices.”
He included: “This is a critical time for the aviation business, which include us at Norwegian. We inspire the authorities to quickly put into practice steps to imminently cut down the economic stress on the airways in order to shield essential infrastructure and careers.”
The Telegraph reported on Sunday that Arrowstreet Cash, a $106bn (£81bn) hedge fund launched by British isles-born Harvard professor John Campbell, is among the buyers betting Norwegian will be the next airline to are unsuccessful.
Many airways have slashed capability to and from Italy in the wake of the nationwide lockdown introduced on Monday.
Ryanair will suspend all flights right until April eight, though British Airways has also stopped traveling to Italy.
EasyJet proceeds to work a modest amount of flights to the country.