Airlines Price Fixing Lawsuit
Antitrust Case Settled for $504 Million
Four Foreign Airlines Settle Antitrust Case for Price Fixing
Cathay Pacific Airways, Martinair and SAS Cargo Group, and Air France-KLM have agreed to pay $504 million in fines to settle charges they conspired to fleece customers by driving up cargo shipping prices. Air France-KLM has agreed to pay $350 million of the settlement.The Justice Department called the case one of the largest antitrust settlements in U.S. history, and cost consumers hundreds of millions of dollars between 2001 and 2006.
JUN-27-08: Four foreign airlines settle antitrust case [LOS ANGELES TIMES: ANTITRUST]
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