Air France KLM Group hopes to reach breakeven by the April 1 start of the 2010-11 fiscal year excluding its fuel hedge contracts, CEO Pierre-Henri Gourgeon told Les Echos. The hedges will continue to have a negative impact, but previously announced cost cuts should stop the deterioration in cash flow, he said, adding that he does not expect a return to 2008 traffic levels until 2012. Gourgeon insisted that AF is not evolving toward a low-cost service concept on its medium- and short-haul ...

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