British Airways Pleads Guilty, Fined $300M

Law360, New York (August 23, 2007, 12:00 AM EDT) -- British Airways Plc on Thursday formally admitted to colluding with other airlines to fix the prices of fuel surcharges on international flights, and was fined $300 million, one of the largest criminal penalties ever imposed in an antitrust case in the United States.

Judge John Bates of the U.S. District Court for the District of Columbia said the airline could have faced fines closer to $900 million, but that the reduced penalty was reasonable since British Airways had cooperated with the Department of Justice.

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