British Airways is expected to announce it will suspend around 36,000 staff.
The airline, which grounded much of its fleet due to the coronavirus crisis, has been negotiating with the Unite union for more than a week.
The two sides have reached a broad deal but are yet to sign on some details.
The agreement means that up to 80% of BA cabin crew, ground staff, engineers and those working at head office will have their jobs suspended but no staff are expected to be made redundant.
The decision will affect all staff at Gatwick and London City Airport after the airline suspended its operations at both locations until the crisis is over.
Those affected are expected to receive some of their wages through the government’s coronavirus job retention scheme, which covers 80% of someone’s salary capped at a maximum of £2,500 a month.
John Strickland, independent aviation analyst, said “tough negotiations” between BA and the Unite union meant it had taken a while to reach an agreement.
“The pilots’ deal for half pay was concluded rather earlier, I guess there was a recognition as to just how serious that issue was,” he said.
It is thought that the Unite union has been pushing for staff to be paid more than that. BA has already reached a separate deal with its pilots who will take a 50% pay cut over two months.
BA’s parent company, International Airlines Group (IAG), is in a better financial position than some of its competitors. The group has made healthy profits in recent years.
But the airline’s expected decision to suspend such a large number of workers gives a sense of how hard UK aviation has been hit by travel restrictions, designed to stem the spread of the pandemic.