Air France-KLM expects to further improve its operating results this year after the airline group managed to orchestrate a €1.4 billion ($2 billion) profit swing in its financial year 2010/11. As the group seeks to reduce gearing further, the airline decided not to pay a dividend this year in spite of the better financial performance. Management plans to suggest to the next shareholder meeting (July 7) to change the financial year end to December 31 to be better aligned with other ...

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