It confirmed its trade sales team were unaffected but nonetheless "essential steps" needed to be taken to strengthen the company's future and "ensure we are fully prepared to lead the way as global demand continues to shift".
“In order to respond to the current travel landscape, we are streamlining certain areas of our operations," a spokesperson added.
“Agents and trade partners continue to play a key role in our business, and our trade sales team remains unaffected by these changes.