BA executives face price-fixing charges: report (Reuters)
In an unsourced report, the newspaper said the case was being brought by the agency of dint of. the Office of Fair Trading (OFT) against the four men, who appearance the threat of up to five years in prison.
British Airways' rival Virgin Atlantic (VA.UL) blew the whistle forward BA in 2006 after individuals at the two carriers discussed proposed changes to fuel surcharges, introduced to help airlines cope with rising cost of jet fuel.
Precise charges are due to be announced within weeks, the newspaper said.
British competition mosaic code makes tipping off a rival about price changes illegal and bans firms from agreeing prices.
Fuel surcharges soared from 5 pounds to 60 pounds per ticket on typical BA or Virgin longing return flights between 2004 and 2006. British Airways has defended the rises, which came as crude oil prices surged.
In February British Airways and Virgin Atlantic agreed together to hire about $203 million to settle a lawsuit brought by passengers over the overload fixing. Last year BA agreed to remunerate roughly $247 million in a settlement with British authorities.
Original text: http://us.rd.yahoo.com/dailynews/rss/function/*http://word.yahoo.com/s/nm/20080726/bs_nm/british_airways_surcharge_dc
