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British Airways Receives Record Fine for Price Fixing

Turns 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.

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