BA gets £121.5m price-fixing fine

[Dave Noble]

British Airways has been fined £121.5m after it admitted price fixing of fuel surcharges on long-haul flights.
BA colluded with Virgin Atlantic over the surcharges, which were added in response to rising oil prices, the Office of Fair Trading (OFT) said.

The OFT and the US Department of Justice (DoJ) have been investigating the allegations since June last year.

Full article at BBC NEWS | Business | BA gets £121.5m price-fixing fine and Q&A at BBC NEWS | Business | Q&A: BA price fixing investigation

Dave

 

[Mal]

I'm glad justice is served, but also think Virgin got off lightly with this one.

Anyone know if any compensation will end up being available to those ripped off by this illegal activity?

 

[Dave Noble]

Price Fixing Fine Reaches £270 million after DOJ fine

BBC NEWS | Business | BA's price-fix fine reaches £270m

Dave

 

[NM]

Ouch ... ouch

That could have bought them several new aircraft! I bet the person who decided to call VS about the fuel fines is not very popular at BA :evil: .

 

[oz_mark]

I'm glad justice is served, but also think Virgin got off lightly with this one.

Anyone know if any compensation will end up being available to those ripped off by this illegal activity?

Possibly, but given the way Justice Systems these days look after victims of illegal activity so well, I would guess that you would need to take your own legal action.

 

[Dave Noble]

Ouch ... ouch

That could have bought them several new aircraft! I bet the person who decided to call VS about the fuel fines is not very popular at BA :evil: .

I suspect that these were in the people whose employment was terminated a while ago when this was 1st reported

Dave