A hotel staff member waits at the entrance to the International Air Transport Association (IATA) 68th Annual General Meeting (AGM) and World Air Transport Summit held in Beijing, China, Monday, June 11, 2012. Squeezed by high oil prices, the world airline industry's profit will be slim this year and could be wiped out if Europe tumbles into recession, the global aviation trade group said Monday. (AP Photo/Ng Han Guan)a

Associated Press
A hotel staff member waits at the entrance to the International Air Transport Association (IATA) 68th Annual General Meeting (AGM) and World Air Transport Summit held in Beijing, China, Monday, June 11, 2012. Squeezed by high oil prices, the world airline industry's profit will be slim this year and could be wiped out if Europe tumbles into recession, the global aviation trade group said Monday. (AP Photo/Ng Han Guan)a
A hotel staff member waits at the entrance to the International Air Transport Association (IATA) 68th Annual General Meeting (AGM) and World Air Transport Summit held in Beijing, China, Monday, June 11, 2012. Squeezed by high oil prices, the world airline industry's profit will be slim this year and could be wiped out if Europe tumbles into recession, the global aviation trade group said Monday. (AP Photo/Ng Han Guan)a
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