Friday, May 18, 2007

British Airways admits price-fixing breaches

(Reuters) - BA shares fell 3.7 percent by 1157 GMT as the provision -- more than half the year's profit -- accompanied a 13 percent decline in operating profit. New taxes, strike threats and tighter security measures ate into passenger traffic during the year.




BA, Europe's third biggest airline, is being investigated by the UK and the United States for alleged price fixing on fuel surcharges, after British investigators were tipped off by rival Virgin Atlantic.


Read more at Reuters.com Mergers News

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