Passengers could sue after BA fined record £350 million for price-fixing
Aug 1, 2007, 8:46 am
#1
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Passengers could sue after BA fined record £350 million for price-fixing
Passengers could sue after BA fined record £350 million for price-fixing
Last updated at 10:16am on 1st August 2007
British Airways has been fined a record £350 million for price fixing.
BA admitted that it agreed the level of fuel surcharges on long-haul passenger and cargo flights with rival Virgin Atlantic between 2004 and last year.
It opens the way for civil claims from passengers who believe they were ripped off.
http://tinyurl.com/2m8epv
Another URL to the Times article on the same topic here:
http://tinyurl.com/2tvrtg
Last updated at 10:16am on 1st August 2007
British Airways has been fined a record £350 million for price fixing.
BA admitted that it agreed the level of fuel surcharges on long-haul passenger and cargo flights with rival Virgin Atlantic between 2004 and last year.
It opens the way for civil claims from passengers who believe they were ripped off.
http://tinyurl.com/2m8epv
Another URL to the Times article on the same topic here:
http://tinyurl.com/2tvrtg
Last edited by Fredd; Aug 1, 2007 at 8:48 am Reason: Adding URL
Aug 1, 2007, 8:29 pm
#5
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How do you make that conclusion? Even if the surcharges were "reasonable" and barely high enough to make a route break-even, one can assume that they would be lower if it were not for the illegal price-fixing. Therefore the passengers lost the difference between what they were charged and what they would have been charged without the illegal collusion.
Aug 3, 2007, 8:16 am
#6
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Aug 4, 2007, 1:14 am
#7
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I believe KE was also fined for the same reasons.
http://news.airwise.com/story/view/1186040184.html
http://news.airwise.com/story/view/1186040184.html
Last edited by Rejuvenated; Aug 4, 2007 at 1:27 am
Aug 6, 2007, 12:42 pm
#8
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BA Execs To Be Named In Price Fixing Probe - Report
August 6, 2007
British Airways executives are expected to be named in a price fixing probe this month as the US Department of Justice reveals those not covered by a plea deal which it announced with the airline last week, a UK newspaper reported.
Source: http://news.airwise.com/story/view/1186391208.html
British Airways executives are expected to be named in a price fixing probe this month as the US Department of Justice reveals those not covered by a plea deal which it announced with the airline last week, a UK newspaper reported.
Source: http://news.airwise.com/story/view/1186391208.html