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Qantas has been fined by the South Korean Fair Trade Commission for price fixing.The Commission slapped Qantas with an $127,271 penalty for "participating in collusive behaviour with other…
Qantas has been fined by the South Korean Fair Trade Commission for price fixing.
The Commission also fined another 18 airlines, including British Airways, for being part of a cartel that fixed fuel surcharges on cargo routes.
This is the fourth occasion in a little over two-and-a-half years that the once iconic Australian air-line carrier has suffered a dent to its reputation after receiving fines for anti-competitive behaviour in four jurisdictions.
Qantas was fined US$61 million ($71.6 million) by the US Justice Department in November 2007 for price fixing in the air freight industry. The airline carrier's former vice-president of freight for the Americas, Bruce McCaffrey, was jailed for six months the following year.
The Australian Competition and Consumer Commission fined Qantas $20 million in late 2008 for breaching price-fixing rules between 2002 and 2006, while Canadian authorities fined the company over $150,000 for breaches over the same time period.
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