Friday, 24 August 2007

British Airways fined for price fixing

British Airways have been fined £150 million for price fixing with Virgin Atlantic.

They got off lightly as guidelines suggest they should be fined a third more.

Senior BA staff may now be investigated for criminal charges whilst the company also face possible lawsuits by thousands of US customers who were overcharged.

Authorities have been looking into fuel surcharges and the increase in price tickets to compensate the cost of rising fuel.

Anybody related to cargo surcharges could also face 10 years in prison if they are found guilty of the said offence. As it isn’t a UK authority investigating they could face being extradited to the US.

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