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Global airlines face emergency, need rescue package now - IATA

Reuters
FILE PHOTO: IATA logo is seen at the International Tourism Trade Fair ITB in Berlin

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)