The UK office of Fair Trading has imposed a £58.5 million ($93.8 million) penalty against British Airways in relation to anti-competitive practices in the pricing of passenger fuel surcharges between 2004-2006.
“The OFT has concluded that between August 2004 and January 2006, BA and VAA (Virgin Atlantic Airways) co-ordinated their surcharge pricing on long-haul flights to and from the UK through the exchange of pricing and other commercially sensitive information,” says the OFT in a statement.
“The decision brings the OFT’s investigation to a conclusion,” it adds.
Under the OFT’s leniency policy Virgin was not fined. The carrier had been granted immunity from penalties after it relayed details of the anti-competitive exchanges to the OFT.
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