BA may face £350m collusion bill for Fuel Surcharge Collusion

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Dave Noble

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BBC said:
British Airways has put aside £350m to cover possible fines and legal action after it broke competition law.
The decision relates to last year's finding that BA had discussed fuel surcharges with rivals. BA shares ended 2.9% lower on Friday after the news.

The announcement came as BA said annual operating profits had slumped 13% to £602m after a spate of negative events

Full article at BBC NEWS | Business | BA may face £350m collusion bill plus see BBC NEWS | Business | Q&A: BA fuel surcharge fixing investigation

Dave
 
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Earlier this year, the US Justice Dept and FBI mentioned something similar, and passenger fares to, for a certain airline ff scheme I won't be getting direct sweep card for.

And they're looking into surcharges on a certain card lots of us have. :D
 
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