British Airways Receives Record Fine for Price Fixing
Aug 1st, 2007 | By Jared BlankTurns out the British government doesn’t like it when you fix prices: British Airways has to pay a $245 million fine because of a price fixing scheme. Staff from the airline approached Virgin staff a few years back and discussed matching fuel surcharges. That’s a no-no. And while they paid a fine, you, the consumer, were screwed the worst. Oh, and you won’t see any of the money.
BA may have to pay upwards of $700 million to settle similar allegations in other countries.