Lufthansa settles price fix claim

Friday, 12 Sep, 2006 0

Lufthansa has agreed to pay $85m (£45.6m) to settle legal action in the US surrounding allegations of price fixing in cargo haulage.

In February, the US and European Union began investigating more than a dozen airlines over suspected collusion to fix prices on surcharges for fuel, security and insurance.

Lufthansa’s settlement deal is subject to court approval and will end pending class action lawsuits.

The airline has also won conditional immunity in the US and from the EU.

Other airlines questioned as part of the investigation include American Airlines, United Airlines, SAS, AirFrance KLM, British Airways and Cargolux.



 

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Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.



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