The French Polynesian airline Air Tahiti Nui says it plans to cut the number of weekly flights to Japan from three to two as the territory's tourist numbers have fallen.
The carrier is faced with growing debts as high fuel prices have increased operating costs.
Air Tahiti Nui is also struggling to meet its targets in the US market only weeks after launching direct flights to New York and Sydney following the purchase of a fifth Airbus.
The Tahitipresse news agency says plans to buy another Airbus have been shelved.
One of the airline's managers, Christian Vernaudon, has resigned.