Korean Air and British Airways Socked with Cargo Price-Fixing Fines

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As if lost baggage and price-fixing with Virgin Airways wasn’t enough, yesterday it was also announced that British Airways and Korean Air had been hit with fines related to cargo and passenger price fixing.

The U.S. Justice Department said Wednesday that Korean Air will pay a $300 million fine as part of its guilty plea in the case, while British Airways will have to cough up another $300 million. (This, on top of the $250 million it will have to fork over because of its antics with Virgin Atlantic.)



The fines are the second-largest ever obtained by the Justice Department and are expected to be the first of several stemming from a two-year probe into fuel-related fees that international carriers charged cargo customers and passengers — some as high as $110 per ticket.

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