JP Morgan sees wider airline losses=20 =09 Tuesday September 10, 12:01 PM EDT=20 CHICAGO (Reuters) - JP Morgan analyst Jamie Baker Tuesday widened his estimate for the airline industry's 2002 net loss to $6.8 billion, the largest net loss ever. Baker had previously forecast a net loss of $5.4 billion in 2002 after an industry net loss of $6.2 billion in 2001. In a research note, he also increased his forecast for the industry's 2003 net loss to $3.3 billion from $1.6 billion. He also widened his 2002 net loss forecast for UAL Corp.'s United Airlines to $31.65 per share from $26.15 per share. AMR Corp. , parent of the world's largest air carrier American Airlines, is now estimated to incur a loss of $12.85 per share in fiscal 2002, wider than the previous loss estimate of $11.70 per share." "Our revised estimates fall well below consensus, and in most instances establish new Street lows," Baker wrote in the research note. "Our earlier assessment of 2004 profits looks increasingly improbable, with break-even likely the best-case scenario." The consensus forecast among Wall Street analysts is for an industry loss of $5.7 billion in 2002 and an industry loss of $1.4 billion in 2003, Baker said.=20 =A92002 Reuters Limited.=20