Air, Business, Freight News

Airlines pay out for price-fixing

[ August 7, 2012   //   ]

Eight Airlines, including British Airways/IAG have reached a final settlement of a US lawsuit accusing them of fixing cargo fuel surcharges between 2000 and 2006. The carriers will pay a total of $207 million, of which British Airways will pay $89.5m. LAN Chile and its Brazilian partner Aerolinhas Brasileiras SA will pay a total of $66 million. The other carriers that settled are Air Canada, El Al, Emirates, Malaysia Airlines, Saudi Arabian Airlines and South African Airways. This was the third round of settlements in the case, which now total $485m.

The EU has already fined 11 airlines, including BA, Air France-KLM and Cargolux, $1.1 billion in 2010 for their role in the affair.