Leading airlines Qantas and Jetstar have grounded around 150 aircraft due to the coronavirus pandemic.
Despite cutting 90% of its international flights, the national carrier says it will continue to transport people and goods on key international and domestic routes.
The airline group said the decision will be felt across its entire workforce of 30,000 people.
The cuts will be phased in from the end of this month.
Customers with existing bookings on any domestic or international flight until May 31 who no longer want to travel can cancel their flights and get a credit voucher.
text will be replaced
