A PYMNTS Company

British Airways’ fine for passenger fuel surcharges halved

By  |  April 19, 2012

    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 OFT has fined British Airways £58.5 million for coordinating passenger fuel surcharges with Virgin Atlantic Airways from August 2004 to January 2006. The two airlines had exchanged sensitive information on pricing.

    The original fine that the OFT and British Airways agreed to in August 2007 was, at £121.5 million, double the amount that has now been reached. The reduction is due to a Statement of Objections that highlighted the value of British Airways’ cooperation and changes in calculating penalties. Virgin was not fined, as per the OFT’s leniency policy.

    Full content: OFT Press Release

     

    Related content: Unforeseen Risks of Disclosure in Leniency Programs (Laura Atlee, Steptoe & Johnson)

     

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