A PYMNTS Company

Korean Air fined for price fixing

By  |  July 20, 2012

The Canadian Competition Bureau announced yesterday that Korean Air has pleaded guilty to participating in an air price-fixing cartel between April 22, 2002 and February 14, 2006. The airline was fined $5.5 million by Canada’s Competition Bureau for fixing air cargo surcharges for routes from Canada.

    Get the Full Story

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

    Subscribe 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 Bureau’s investigation into air cargo surcharges is still ongoing. So far, Cargolux, Air France, KLM, Martinair, Qantas, and BA have pleaded guilty for price-fixing.

    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!

    Add as Preferred Source

    Full content: Competition Bureau Canada

     

    Related content: Japan Airlines to pay $110 mln for price fixing

     

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