ROUGH RIDE: A global aviation trade group nearly doubled its forecast of European airlines’ losses this year to $1.1 billion and said the worldwide industry will scrape by with wafer-thin profit margins due to high fuel prices.

STORM CLOUDS AHEAD: The International Air Transport Association said that U.S. and Asian carriers should be profitable, but more airlines in Europe might follow Hungary’s Malev into bankruptcy if the European financial crisis worsens.

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