Airlines appeal European Commission price fixing cartel fine

The airlines who were fined a total of €776 million ($904 million) by the European Commission (EC) for operating a price fixing cartel are appealing the decision. In March 2017, the EC re-adopted the cartel decision against 11 carriers after the original decision was annulled by the General Court on procedural grounds. Singapore Airlines, LATAM […]

Court rules price fixing agreements breached Australian law

The High Court of Australia ruled in favour of the Australian Competition and Consumer Commission (ACCC) that price fixing agreements entered into between Air New Zealand, Garuda Indonesia and other airlines breached Australian competition law. The ACCC took action against Air New Zealand in 2009 and Garuda in 2010 alleging they colluded with other airlines […]

Price fixing litigation causes Atlas Air profits to plummet

Atlas Air has seen its net income for 2015 fall to $7.3 million, with losses in the fourth quarter, which it says, “primarily reflect previously disclosed litigation settlement”. Net income for the year fell from $106.7 million in 2014 to $7.3 million, and in the fourth quarter Atlas made a loss of $37.6 million compared […]