Air France's rescue 'to yield group profit'

[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 yesterday.

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.