Major European airlines are set to axe thousands of jobs and, without bailouts, some are facing collapse as the coronavirus pandemic wreaks havoc on the industry.

After weeks of uncertainty in the sector, Saturday brought a raft of bad news for European carriers. The French government said it is not considering a bailout of Air France-KLM at this stage, as the airline struggles for survival amidst the public health crisis.

Scandanavian Airlines is reportedly laying off 100 pilots and 100 cabin crew on a temporary basis while Swiss International is taking half its fleet out of service and reducing working hours for flight personnel. (RT)