Wizz Air expects to cut October capacity by 50% compared to the same month last year and says its winter programme is also likely to be cut to similar levels.
Earlier this month, the airline said it would have to consider parking some of its aircraft over the winter if travel restrictions remain in place.
At that time, the airline was operating only 60% of its usual capacity and it said that if travel restrictions persist it is unlikely to be able to increase this to 80%, as previously anticipated.
In an update, Wizz Air said: “The protection of its solid balance sheet and excellent liquidity position as well as minimising cost across all areas of the business remain Wizz Air’s top priority.
“The Company has strongly improved its strategic position and its ability to respond to opportunities in its markets during the past six months.
“While conditions continue to be challenging, the relentless focus on creating a competitive advantage and strong liquidity will allow Wizz Air to emerge from this crisis as a structural winner.”