price-fixing

Airlines pay out for price-fixing

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, ... [+]