Airlines, Price Fixing | featured news

(Image from article: "21 airlines fined for fixing passenger, cargo fees")

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21 airlines fined for fixing passenger, cargo fees

When the airline industry took a nose dive a decade ago, executives at global carriers scrambled to find a quick fix to avoid financial ruin. What they came up with, according to federal prosecutors, was a massive price-fixing scheme among airlines that artificially inflated passenger and cargo fuel surcharges between 2000 and 2006 to make up for lost profits.

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