Qantas fined for fuel-surcharge cartel

AUSTRALIA’S Federal Court has fined Qantas A$20 million (US$13.6 million) for price fixing of fuel surcharges.

This is only the latest of the ongoing legal actions against the fuel-surcharge cartel comprising dozens of airlines between 2002 and early 2006.

“Cartels – particularly those that are engaged in by large businesses with broad application over a period of time – have a significant effect on consumers. They are an unseen fraud on the community that must be uncovered and punished,” said Australian Competition and Consumer Commission (ACCC) chairman, Mr Graeme Samuel.

The fine would have been more but the ACCC said that Qantas had given it a “high-level of cooperation and had made extensive admissions” during the investigation.

Share this story

Related Topics

Latest news

Joe Hete to retire as ATSG chief executive

Joe Hete will retire as chief executive officer of US-based freighter lessor Air Transport Services Group (ATSG) in May this year….

Read More

Share this story

DSV Panalpina confirms thousands of jobs to go as integration continues

By Damian Brett

Freight forwarder DSV has confirmed to Air Cargo News reports that suggest thousands of jobs will be cut as a…

Read More

Share this story

Atlas Air expects China demand surge over coming weeks

By Damian Brett

Atlas Air Worldwide is expecting a surge in cargo over the coming weeks as Chinese factories continue to return to…

Read More

Share this story