DUBAI, United Arab Emirates — Dubai-based Emirates Airline will suspend all passenger flights by March 25 due to the coronavirus crisis, it announced Sunday.

The temporary suspension comes amid mounting national lockdowns, border closures and flight groundings as coronavirus cases climb around the world. Emirates will retain its cargo operations.

Emirates Group said in a statement Sunday that it will not cut jobs, but will implement a temporary reduction in basic salary for the majority of its employees for three months, ranging from 25% to 50%. Emirates is the world’s largest A380 operator, and top-five largest airline in terms of passenger and freight ton kilometers flown.

“As a global network airline, we find ourselves in a situation where we cannot viably operate passenger services until countries re-open their borders, and travel confidence returns,” Emirates Group chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said in Sunday’s statement.

“By Wednesday 25 March, although we will still operate cargo flights which remain busy, Emirates will have temporarily suspended all its passenger operations. We continue to watch the situation closely, and as soon as things allow, we will reinstate our services.”