I couldn't find the thread describing the GDS error fare found and exploited (briefly) amongst a few Flight Centre TAs in Australia recently.
Mods, please reunite with that thread if you can find it. It was only reported after the fact and never made it to FT.
As reported on AFF and on the industry news site eTravelboard:
Pricing error causes $320,000 loss for Malaysia Airlines
$400 J class Asia- J'burg - Asia airfare error jumped on by travel agents!
UPDATE - MH to honour tickets (31st March 2008) - etravelblackboard
"Malaysia Airlines has confirmed it is expecting to face losses of up to AUD$320,000 after more than 100 tickets were issued at a special rate due to a pricing error discovered in the GDS system.
e-Travel Blackboard broke the news of the incorrect Business class airfare between Bangkok/Phuket and Johannesburg which was loaded at BHT 11,580 (AUD$407), instead of the RRP of BHT 111,580 (AUD$4200) on March 17.
Malaysia Airlines’ Regional Manager Australia & New Zealand, Mr Abdul Manaf Harun told e-Travel Blackboard the airline would absorb the expected losses.
"We expect slightly more than 100 tickets have been ticketed at the special price, and losses are expected to be in the range of AUD320,000. We will honour air tickets which have been ticketed," he said.
It is believed that word of the incorrect airfare spread fast amongst the travel community across Australia, with Queensland accounting for more than 50 per cent of the tickets issued.
The airfare has since been withdrawn from sale."