Air France heads for profits

Paris: A deep restructuring plan with big job cuts is rescuing French airline Air France, and the whole Air France-KLM group will become profitable by the end of the year, the group said on Monday. Air France “is in the process of being saved,” the head of the whole group Alexandre de Juniac told Europe 1 radio. “Air France-KLM should make money from 2013 and Air France should do so in 2014, which means that we will have the means for development, to open new routes,” notably in Africa, Asia and Latin America, he said. Until now, the company had said only that Air France-KLM was being turned around from financial crisis. It had suggested in the six-month results that the group might be profitable by the end of the year.