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2/15/06

EU-US cartel probe hits airlines

JTW News:

"EU-US cartel probe hits airlines
A number of airlines including British Airways are being investigated as part of a European and US cartel probe.

Investigators launched dawn raids, and British Airways said the European Commission and the US Department of Justice had asked it for information.

Other firms targeted include Germany's Lufthansa, Scandinavian airline group SAS, Air France KLM, and Cargolux.

The probe has come at a tricky time for many airlines as they battle high fuel costs and lower-priced competitors."

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