A PYMNTS Company

Australia: Travel agency challenges $10M price manipulation charge

 |  April 22, 2014

Australian travel agency Flight Centre has reportedly appealed a $10.3 million price-fixing fine handed to the company by the nation’s Federal Court last month after competition regulators brought charges against the company.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Australian Competition and Consumer Commission accused Flight Centre of threatening to not book flights on Singapore Airlines, Emirates and Malaysia Airlines to assure the lowest prices were offered. The case was brought to the Federal Court, which found the agency to have manipulated prices on five instances between 2005 an 2006, according to reports.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Federal Court Judge John Logan ruled there was “no doubt” that Flight Centre manipulated prices for commercial profit, handing the company a $10.3 million fine.

    The company has now appealed the sanction handed out due to what it claims are “errors and inappropriate extensions of the law.”

    Full Content: Smart Company

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.