British Airways Fined £58.5 Million For Price Fixing In Relation To Fuel Surcharges

Author:Beauchamps Solicitors
Profession:Beauchamps
 
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On 19 April 2012 the Office of Fair Trading ("OFT") said that it had fined British Airways £58.5 million, in a decision which would bring its investigation into price fixing in relation to fuel surcharges to a conclusion. Collusion with Virgin Atlantic The case against British Airways related to its collusion with rival Virgin Atlantic in pricing surcharges on long-haul flights. In an original decision in August 2007, British Airways had agreed to pay a fine of £121.5 million for anti-competitive practices that took place between 2004 and early 2006. This would have been the largest civil fine ever imposed by the OFT. Virgin was not required to pay a fine because it reported the case to the watchdog in the first place. The OFT said that the reduced penalty announced on Thursday reflected recent case law in calculating...

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