DANGER ZONE: Global aviation earnings will likely decline to $3.5 billion in 2012 but those could turn into steep losses exceeding $8.3 billion if the eurozone crisis veers toward catastrophe, the industry's trade group said Wednesday.
FALLING PROFITS: For 2011, the industry says it anticipates that surging oil and fuel prices will clip its profits at $6.9 billion — less than half of its $15.8 billion in 2010 profits.
PROBLEM CONTINENT: For European airlines "the only open question is how deep" the losses will be next year, the association's CEO Tony Tyler told reporters.
