TUI has suspended its package holidays and cruises amid the coronavirus outbreak.
It comes just days after the travel group cancelled all holidays to Spain, which has declared a national emergency.
It said in a statement: “In this rapidly changing environment the safety and welfare of our guests and employees worldwide remains of paramount importance and thus Tui Group has decided, in line with government guidelines, to suspend the vast majority of all travel operations until further notice, including package travel, cruises and hotel operations.
"This temporary suspension is aimed at contributing to global governmental efforts to mitigate the effects of the spread of the COVID-19."
TUI also withdrew its earnings guidance for this year, and will not issue new statistics.
It said it has 1.4 billion euros in cash and other facilities but is considering various ways to support customers.
The statement added: “We are taking substantial cost measures to mitigate the earnings effect.”
Other airlines across the world have drastically reduced flights and asked for government aid.
The owner of British Airways today said that it would cut flying capacity by 75% in April and May.
Coronavirus forces TUI to suspend package holidays and cruises
International Consolidated Airlines Group, the parent company that also owns Iberia and Aer Lingus, said it would also ground flights, freeze discretionary spending, reduce working hours and temporarily suspend employment contracts.
EasyJet, Europe's fourth biggest airline, also announced that it would be drastically scaling back its flight schedule over the coming months.
Transport Secretary Grant Shapps today said there are “lots of different options” to help the aviation industry through the coronavirus crisis.
Coronavirus: EasyJet grounds 100 planes with 'majority of flights' set to be cancelled
He told Sky News: “We want to make sure that companies and individuals and organisations who are in a good state – not those that are going to fail anyway – are able to continue.
“So, we'll be looking at all of these measures, I'll be discussing it with the Chancellor and the Prime Minister later today, and those discussions with the sector are ongoing.”
Asked if a bailout of airlines was on the table, Mr Shapps responded: “There are lots of different options here – including some other things that people have been looking for, for example HMRC offer a 'time to pay’.”
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