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BA Collusion

clipped from

Wed, Aug 01, 2007

British Airways fined 121.5m pounds over price fixing

LONDON, Aug 1 (Reuters) - British Airways has been fined 121.5 million pounds for anti-competitive activity over ticket pricing, Britain's consumer watchdog the Office of Fair Trading said on Wednesday.

The OFT said BA had admitted colluding with rival Virgin Atlantic over the setting of transatlantic passenger fuel surcharges from August 2004 to January 2006.

Virgin Atlantic was not penalised, having be granted whistleblower immunity by the UK competition authority.

British Airways said it has also entered into a plea agreement with the U.S. Department of Justice over the affair.