British Airways will pay £71 million in compensation to passengers affected by the carriers fixing of ticket prices, after settling a class-action lawsuit in the USA.
The lawsuit was brought by a US law firm on behalf of passengers who lost out as a result of BA and Virgin Atlantic conspiring to set the level of fuel surcharges.
The two companies held discussions over an 18 month period from August 2004, on when and how much to raise the fuel surcharge levels.
Virgins lawyers uncovered the conspiracy and reported it to the Office of Fair Trading in 2006, the lawyers action saving Virgin from censure, but BA was fined £121.5 million, for breaching competition law.
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