Two Major Airlines Admit to Price Fixing
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WASHINGTON -- Two major airlines were fined $300 million apiece Thursday after admitting they conspired to fix prices on international flights and agreeing to help prosecutors investigate other airlines.
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Passengers to be charged from next month as part of the airline's latest ruse for slashing costs.
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Alitalia bosses and union and government officials forged a deal early yesterday to save troubled Italian flag carrier Alitalia after thrashing out the details of redundancy payments
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Europe&#39;s largest carrier Air France-KLM has joined rivals in raising its ticket prices to offset soaring jet fuel costs, but a leading bank has questioned how effective the surcharges will be in protecting airline profits.
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Two former executives of Computer Associates International, who have pleaded guilty to conspiracy to commit securities fraud, have agreed to pay a total $387,470 to settle related civil charges in a multibillion-dollar accounting scandal at the big
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British Airways and Virgin Atlantic have tentatively agreed to settle a U.S. price-fixing case, British Airways said Friday.
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Delta Air Lines, United Airlines and  Continental Airlines have all raised their domestic fuel  surcharges, matching a move by American Airlines amid soaring  fuel prices.
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Several airlines are aggressively cutting fares in hopes of beating back tough competition for holiday passengers.
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U.S. airlines raised fares by up to  $10 one-way for tickets geared at business travelers, taking  advantage of robust demand at the tail end of the peak summer  travel season.
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Europe&#39;s two biggest low-cost airlines, Ryanair and easyJet, have stepped up their competition in Spain, forcing down fares and causing turbulence for the nation&#39;s domestic carriers like Iberia.
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Airlines which offering cheap fares but add on extra charges will be penalised under rules backed by MEPs.
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Airline's planned overhaul of its fare structure could trigger the biggest shift in ticket pricing since Congress deregulated the industry in 1978.
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More vendors report a number of regulatory agencies in different countries are looking into claims of price fixing.
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British Airways and Virgin Atlantic are to pay out refunds on fuel surcharges paid between 2004 to 2006.
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Low-cost airlines who do not include taxes and surcharges in their advertised prices face court action, the BBC learns.
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Passengers cheated in price-fixing scam will receive Â£100m compensation after airlines agree settlement
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Most U.S. airlines, trying to offset  record high jet fuel prices, have boosted air fares in North  America by as much as $10 on round-trip flights.