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British Airways being investigated over ticket prices and fuel charges

This is a discussion on British Airways being investigated over ticket prices and fuel charges within the News and Views from the Business World forums, part of the News and views category; British Airways being investigated over ticket prices and fuel charges British Airways is the Europe’s third largest airline company and ...


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Old 25-06-2006   #1
 
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Default British Airways being investigated over ticket prices and fuel charges

British Airways being investigated over ticket prices and fuel charges
British Airways is the Europe’s third largest airline company and they are now being investigated by U.K. and U.S. competition regulators over ticket prices and fuel charges.
This news resulted in company’s share taking a hit in the stock market as share prices went down by as much as 5.2 percent.
British Airways confirmed this in a statement saying that the Office of Fair Trading and the U.S. Department of Justice are investigating alleged cartel activity involving British Airways and other airlines in relation to pricing of passenger air transportation, including fuel surcharges.
British Airways had earlier said in February that they were being investigated by European Union and U.S. antitrust officials about alleged price fixing in the air cargo market.
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