Air, Freight News

Airlines fined for Swiss price-fixing

[ January 16, 2014   //   ]

The Swiss competition (COMCO) has fined 12 airlines a total of Sfr11 million (£7.4m) for price-fixing between 200 and 2005. An investigation realed that the carriers had colluded on freight rates, fuel surcharges, war risk surcharges and US customs clearance surcharges. The carriers concerned were Korean Air Lines, Atlas Air (Polar Air Cargo), American Airlines, United, SAS, Japan Airlines Singapore Airlines, Cathay Pacific, Cargolux, British Airways and Air France-KLM

Lufthansa was excused fines because it triggered the legal proceedings by “self-denunciation”, Comco added.