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Siza Mzimela, chief executive officer of South African Airways, speaks at the closing news conference of the International Air Transport Association (IATA) annual general meeting in Beijing, China, on Tuesday, June 12, 2012. The IATA almost doubled its 2012 loss forecast for European airlines and said the continent's debt crisis could wipe out an expected global profit. Photographer: Nelson Ching/Bloomberg via Getty Images

Siza Mzimela, chief executive officer of South African Airways, speaks at the closing news conference of the International Air Transport Association (IATA) annual general meeting in Beijing, China, on Tuesday, June 12, 2012. The IATA almost doubled its 2012 loss forecast for European airlines and said the continent's debt crisis could wipe out an expected global profit. Photographer: Nelson Ching/Bloomberg via Getty Images