price fixing

Fixing cargo rates is criminal — what about fixing airfares?

by Charlie Leocha on August 15, 2008

Charlie LeochaA high-ranking European airline executive has pleaded guilty to air cargo price fixing. The Justice Department has already levied more than a billion dollars of fines against British Airways, Korean Air, Air France-KLM, Qantas Airways and Japan Airlines. It seems that price fixing, when it comes to cargo, is a crime. When dealing with passenger airfares, it evidently considered simple competition.

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