BA (British Airways) investigated on fuel surcharge

[Canuckistanian]

British Airways is being investigated by UK and US regulators for the alleged price fixing of fuel surcharges on long-haul flights to and from the UK.

~snip

"We think it's high time that the fuel surcharges of British Airways and other flag carriers are investigated, and we certainly welcome the decision to investigate it by the OFT and the Department of Justice in the US.

"British Airways' reaction to rising oil prices has always been to penalise passengers by increasing their fuel surcharges at an even faster rate, so, since May 2004 the price of oil has doubled from 35 to 70 dollars a barrel and British Airways has increased its fuel surcharge 14-fold."

If found guilty of anti-competitive behaviour, BA could be fined up to 10% of its worldwide sales, which came in at £8.5bn for the year to 31 March.

http://news.bbc.co.uk/2/hi/business/5104946.stm