The company also said that as part of a revised business plan it would cut the number of its medium-range aircraft, but maintain the number of hours flown through a better use of its fleet.

It will also increase the number of its international and intercontinental flights, it said in a statement, as it seeks to boost revenues by focusing on the more lucrative long-haul market.

(Reporting by Alberto Sisto and Agnieszka Flak; Editing by Andrew Heavens)