. Another summer, another disaster for British Airways. The company has just received the largest fine ever issued by Britain’s competition agency (nearly £270m / $547m) for price fixing on fuel surcharges.
BA admitted to colluding with rival airline Virgin Atlantic (who won immunity in the UK) on at least six occasions. The allegations are thought to be linked to the resignation of commercial director Martin George and communications chief Iain Burns.
Although BA said fuel surcharges were "a legitimate way of recovering costs", in May 2007 it put aside £350 million for legal fees and fines. Criminal proceedings against individuals in both countries are a distinct possibility.