March 24, 2020 / 1:09 PM / 15 days ago

Global airlines face emergency, need rescue package now - IATA

FILE PHOTO: A woman wearing a face mask stands in front of arrival and departure electronic boards after the Brazilian airline Azul stated that it will cut all of its international flights out of its main hub due to the coronavirus outbreak, at Viracopos International Airport, in Campinas, Sao Paulo State, Brazil, March 16, 2020. REUTERS/Rahel Patrasso

LONDON (Reuters) - Global airlines are in an emergency situation and government rescue packages are needed as quickly as possible to avoid multiple airline collapses, the head of the International Air Transport Association warned on Tuesday.

“We need a full speed massive rescue package now,” IATA chief Alexandre de Juniac told reporters on a call.

IATA’s chief economist said that European airlines were under the most pressure.

Reporting by Sarah Young, editing by Estelle Shirbon

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